KUALA LUMPUR: UNISEM (M) BHD [] expects the current financial year ending Dec 31, 2011 to be lacklustre due to tough economic environment in major markets.
Group managing director John Chia said on Wednesday, June 15 that Unisem's financial results in FY 2011 was unlikely to be better than the previous year's numbers,
He said the forecast was due to a tougher economic environment in the US, Europe, Japan and China, apart from the weakening of the US dollar.
"Our capital expenditure this year will be less than FY10 capex of some RM380 million" Chia said at Unisem's shareholders meeting.
He did not specify how much capex Unisem has earmarked for FY11, only indicating that the amount would depend on the business landscape of the semiconductor sector.
Group managing director John Chia said on Wednesday, June 15 that Unisem's financial results in FY 2011 was unlikely to be better than the previous year's numbers,
He said the forecast was due to a tougher economic environment in the US, Europe, Japan and China, apart from the weakening of the US dollar.
"Our capital expenditure this year will be less than FY10 capex of some RM380 million" Chia said at Unisem's shareholders meeting.
He did not specify how much capex Unisem has earmarked for FY11, only indicating that the amount would depend on the business landscape of the semiconductor sector.
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