Tuesday, November 1, 2011

Unisem 3Q net profit slides 89% to RM5.27m

KUALA LUMPUR (Nov 1): UNISEM (M) BHD []'s earnings fell 89.7% to RM5.27 million in the third quarter ended Sept 30, 2011 from RM51.53 million a year ago and cautioned demand for the group's products and services to remain weak for the next quarter due to global economic uncertainty.

It said on Tuesday that revenue dropped 22.2% to RM288.19 million from RM370.69 million. Earnings per share were 0.78 sen compared with 7.64 sen.

'The decline in revenue and profit was principally attributable to the depreciation in the US$/RM exchange rate, as compared to the rates that prevailed in the corresponding period last year as well as reduction in overall group sales volume,' it said.

For the nine-month period, its profit fell 84.1% to RM22.38 million from RM141.21 million in the previous corresponding period.'' Revenue declined 16.1% to RM887.68 million from RM1.059 billion.

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