KUALA LUMPUR: Unisem (M) Bhd posted 53.3 per cent higher net profit to RM61.73 million in the third quarter (Q3) ended Sept 30, 2022 from RM40.27 million a year ago.
Group revenue rose 20 per cent to RM439.69 million from RM366.36 million previously.
Unisem attributed the improvement in revenue and net profit to better average selling prices coupled with the appreciation of US dollar-ringgit and US dollar-renminbi exchange rates.
For the nine-month period, Unisem's net profit surged 126.8 per cent to RM318.28 million versus RM140.32 million in the same period last year.
Revenue for the period came in at RM1.33 billion, up 16.3 per cent from RM1.14 billion in the corresponding period last year.
"The directors expect the performance of the group to be satisfactory for the next financial quarter," said the company in its Bursa Malaysia filing.
The company announced a second interim dividend of two sen per share for the financial year ending Dec 31, 2022 to be paid on Nov 23.