KUALA LUMPUR – Unisem, a maker of semiconductor test and packaging equipment, announced record revenue of $90.9 million for the third quarter, up 70.9% year-over-year. The company’s net profit ($9.23 million) grew 73.7% year-over-year.

Sequentially, sales were up 89%, while net profit increased 12%. 

The significant upsurge in revenue was attributed to increased sales volume, revenue and profit contribution from Unisem Mauritius (formerly known as Advanced Interconnect Technologies Ltd.) after the acquisition in July, higher capacity utilization, and significant reduction in operating losses from both its China and European subsidiaries.

Year-to-date, the group recorded revenue of $182.9 million, an increase of 17.6% year-over-year.

Year-to-date net profit was $18.2 million, a 10.4% increase year-over-year.

John Chia, group managing director said, “Unisem expects the group’s revenue and earnings to improve further … the business of the group will remain strong in the fourth quarter.”

 

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