KUALA LUMPUR: UNISEM (M) BHD [] net profit for the second quarter ended June 30l, 2011 fell 75% to RM12.03 million from RM48.05 million a year earlier due mainly to a decline in revenue.
It said on Thursday, July 28 that its revenue fell 14.5% to RM307.52 million from RM359.50 million in 2010.
Earnings per share was 12.03 sen while net assets per share was RM1.59.
For the six months ended June 30, Unisem's net profit tumbled to RM17.11 million from RM89.68 million in 2010, while revenue fell to RM599.49 million from RM688.76 million.
Reviewing its performance, Unisem said the fall in its quarterly and half-yearly revenue was due to a depreciation in the US dollar and ringgit exchange rate, ''as well as reduction in overall group sales volume.
On its prospects, the company said it expects to see modest growth its revenue and earnings in the third and fourth quarter of the financial year.
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It said on Thursday, July 28 that its revenue fell 14.5% to RM307.52 million from RM359.50 million in 2010.
Earnings per share was 12.03 sen while net assets per share was RM1.59.
For the six months ended June 30, Unisem's net profit tumbled to RM17.11 million from RM89.68 million in 2010, while revenue fell to RM599.49 million from RM688.76 million.
Reviewing its performance, Unisem said the fall in its quarterly and half-yearly revenue was due to a depreciation in the US dollar and ringgit exchange rate, ''as well as reduction in overall group sales volume.
On its prospects, the company said it expects to see modest growth its revenue and earnings in the third and fourth quarter of the financial year.
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