Created by EPSILON ADVISORY SERVICES SDN BHD
Reference No. GA10603201700077
COMMON 4 on 06 Mar 2017 at 5:27:22 PM Submitted by EPSILON ADVISORY SERVICES SDN BHD on
09 Mar 2017 at 5:18:33 PM
COMPANY INFORMATION SECTION | |||
Announcement Type | New Announcement Amended Announcement | ||
Company Name | KESM INDUSTRIES BERHAD | ||
Stock Name | KESM | ||
Stock Code | 9334 | ||
Board | Main Market | ||
Submitting Secretarial Firm | EPSILON ADVISORY SERVICES SDN BHD |
CONTACT DETAIL | |||
Contact Person | Designation | Contact No | Email Address |
EPSILON ADVISORY SERVICES SDN BHD | 0123885312 | feisan@epsilonas.com | |
Leong Oi Wah | Secretary | 0378031126 | oiwah@epsilonas.com |
MAIN | |
Type | Announcement |
Subject | OTHERS |
Description | PRESS RELEASE : KESM DELIVERS STRONG RESULTS |
Shareholder Approval | No |
Announcement Details/Table Section | |
A copy of the Press Release dated 9 March 2017 is enclosed. | |
Attachment | No File Name Size 1 KESM Press Release KESM Delivers Strong Results.pdf 60.0KB |
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Contact: Yvonne Lim KESM Industries Berhad Phone: (65) 63749546
Mobile: (65) 81259292
Fax: (65) 62768426
Lot 4 SS 8/4 Sungei Way Free Industrial Zone 47300 Petaling Jaya Selangor, Darul Ehsan MALAYSIA
KESM INDUSTRIES BERHAD
(Company No: 13022-A)
PressRelease
KESM DELIVERS STRONG RESULTS Improved Bookings From Automotive-Semiconductor Customers1H FY 17 (31/01/17) RM '000 | 1H FY 16 (31/01/16) RM '000 | |
Revenue | 163,227 | 140,438 |
Profit Before Tax | 22,774 | 17,648 |
Net Profit | 19,987 | 15,065 |
Earnings Per Share | 46.5 sen | 35.0 sen |
Kuala Lumpur, 9 March 2017: KESM Industries Berhad (Bursa Securities: KESM), the largest independent burn-in and test service provider, today reported its unaudited financial results for the first six months ended 31 January 2017.
Mr. Sam Lim, Executive Chairman & Chief Executive Officer of KESM said, "KESM continued to deliver strong results in the first six months of the new financial year. Revenue increased by 16 percent to RM163.2 million from RM140.4 million in the previous corresponding period of 2016."
Half-year profit before tax increased by 29 percent to RM22.8 million from RM17.6 million as compared to that of the preceding year. Net profit also excelled by RM4.9 million to RM20.0 million from RM15.1 million in the same period of last year.
He said, "The increase in revenue reflected the continuing growth in the semiconductor industry with significant contributions from the automotive, industrial and storage markets."
According to industry leading research firm, the worldwide semiconductor revenue is forecast to total US$364.1 billion in 2017, an increase of 7.2 percent from 2016. This represents an uptick for the industry as the market experienced 1.5 percent growth in 2016.
He added, "KESM work very closely with the top semiconductor manufacturers in these high growth market segments, with key focus on the automotive market. We are uniquely positioned to reap benefits as the global vehicle sales will reach 95 million units this year."
"Moving forward, we see our performance to remain strong, mainly driven by the rising global automotive sales and the increased electronic chip content in making cars safer, cleaner, smarter and more comfortable."
He commented, "Today, our core competencies are in good demand spurring further value-add services to our customers."
He concluded, "KESM is fully committed to developing long term strategic initiatives in our core business."
About KESM GroupKESM is the largest independent burn-in and test service company in Malaysia, specializing in "burn-in" and "test" of integrated circuits. KESM, the first burn-in "service company" to be accredited with ISO 9002 and QS 9000, is fully committed to promoting the highest quality of services to the electronics and semiconductor industries. For more information, please visit: www.kesmi.com
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KESM Industries Bhd published this content on 09 March 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 10 March 2017 10:38:11 UTC.
Original documenthttp://www.kesmi.com/files/20170309-PressRelease.pdf
Public permalinkhttp://www.publicnow.com/view/904FF700FAF0A11D5D57006364DF24036FE913C8