ASMPT's H1 Profit More Than Doubles, Revenue Surges 43%
MT Newswires Live
Jul 29
ASMPT (HKG:0522) posted profit attributable to owners of HK$589 million for the first half, up from HK$214.9 million a year earlier.
Earnings per share at the chip gear maker came in at HK$1.41, up from HK$0.52 a year earlier, according to a Wednesday Hong Kong bourse filing.
Revenue rose 42.5% to HK$8.90 billion from HK$6.25 billion.
The company declared an interim dividend of HK$0.97 per share, up from HK$0.26 per share a year earlier.
For the third quarter, ASMPT expects revenue of $630 million to $690 million, representing growth of 4.8% quarter over quarter and 46.3% year over year at the midpoint.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.