KUALA LUMPUR: KESM INDUSTRIES BHD [] net profit for the second quarter ended Jan 31, 2011 rose 27.3% to RM3.31 million from RM2.6 million a year earlier due to higher revenue arising from stronger demand for burn-in and testing services.
Revenue for the quarter rose to RM63.66 million from RM55.89 million. Earnings per share was 7,70 sen while net assets per share was RM5.14.
For the six months ended Jan 31, KESM's net profit rose to RM10.34 million from RM5.47 million last year, while revenue increased from RM127.23 million from RM103.14 million.
In a statement Tuesday, March 8, KESM executive chairman and CEO Sam Lim said the company enjoyed high demand for its burn-in and test services in Malaysia as well as Tianjin, China, with double-digit growth in both revenue and net profit.
'This strong result mirrors the improved performance of our major customers, who expanded their capacities.
'KESM's strategic investments of approximately RM130 million over the past two years proved to be timely and in keeping with the growing demand of new products requiring the latest state-of-the-art TECHNOLOGY [],' he said.
Citing industry sources, Lim said the 2010 worldwide semiconductor revenues grew by 31.5%, surpassing US$300 billion from US$228 billion in 2009.
In 2011, the semiconductor industry is forecasted to grow at 4.6% with revenues reaching US$314 billion, he said.
'This is the first time the industry is expected to surpass the US$300 billion mark in its history. This growth is fueled by new applications such as smartphones, mobile personal computers, tablets and iPads.'
'We expect the semiconductor industry to continue to grow, albeit at a more modest pace in 2011,' he said.
Revenue for the quarter rose to RM63.66 million from RM55.89 million. Earnings per share was 7,70 sen while net assets per share was RM5.14.
For the six months ended Jan 31, KESM's net profit rose to RM10.34 million from RM5.47 million last year, while revenue increased from RM127.23 million from RM103.14 million.
In a statement Tuesday, March 8, KESM executive chairman and CEO Sam Lim said the company enjoyed high demand for its burn-in and test services in Malaysia as well as Tianjin, China, with double-digit growth in both revenue and net profit.
'This strong result mirrors the improved performance of our major customers, who expanded their capacities.
'KESM's strategic investments of approximately RM130 million over the past two years proved to be timely and in keeping with the growing demand of new products requiring the latest state-of-the-art TECHNOLOGY [],' he said.
Citing industry sources, Lim said the 2010 worldwide semiconductor revenues grew by 31.5%, surpassing US$300 billion from US$228 billion in 2009.
In 2011, the semiconductor industry is forecasted to grow at 4.6% with revenues reaching US$314 billion, he said.
'This is the first time the industry is expected to surpass the US$300 billion mark in its history. This growth is fueled by new applications such as smartphones, mobile personal computers, tablets and iPads.'
'We expect the semiconductor industry to continue to grow, albeit at a more modest pace in 2011,' he said.
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