AEM Holdings records 47% higher H2 profit; proposes S$0.05 final dividend

Michelle Zhu

Published Thu, Feb 24, 2022 · 11:42 PM

SEMICONDUCTOR equipment maker AEM Holdings AWX on Thursday (Feb 24) reported S$62.4 million in profit attributable to owners for the H2 ended Dec 31, 2021 - up 47 per cent on year from S$42.3 million the previous year.

Revenue for the period grew 52 per cent year on year to S$373.2 million from S$245.3 million in H2 FY2020, with the group's test cell solutions business segment contributing to the bulk of revenue.

The significant improvement in topline performance was attributed to a volume ramp-up in AEM's new generation system level testing handlers, burn-in test handlers and peripheral tools - as well as the consolidation of CEI, which the group had acquired in H1.

Earnings per share grew 35 per cent to S$0.2078 from S$0.1536 a year earlier.

The latest set of results brings AEM's profit for the full year to S$92.1 million, down 6 per cent from its FY2020 profit of S$97.6 million mainly due to increased research and development expenses as well as higher income tax provision.

Revenue for the full year stood at a record S$565.5 million, up 9 per cent from S$519 million the year before.

BT in your inbox

Start and end each day with the latest news stories and analyses delivered straight to your inbox.

A final dividend of S$0.05 per share has been proposed, bringing the total dividend per share for the fiscal year to S$0.076 as opposed to S$0.09 the year before.

AEM expects demand for its products and solutions to remain strong, and for the adoption of its new platforms to continue in FY2022 and into FY2023.

Shares of the group ended Thursday $0.17 or 4.1 per cent lower at S$4.03, before the results were released.

READ MORE:

AEM Financial results

Reuse this content Feedback