AEM shares close over 21% higher following positive H2 results; hit 1-year high of S$2.47
Its net profit is up 32% year on year at S$13.9 million
Add BT as a preferred source
[SINGAPORE] Shares of semiconductor company AEM jumped more than 21 per cent on Thursday (Feb 26), on the back of a significant year-on-year increase in its net profit to S$13.9 million for H2 FY2025.
The counter, which is trading cum dividend, hit S$2.22, up 9.4 per cent or S$0.19 as at 9.50 am. It pared gains soon after, easing to S$2.20, but still trading 8.4 per cent or S$0.17 higher. Subsequently, it rose to S$2.25 as at 10.09 am, up 10.8 per cent or S$0.22.
AEM gained more ground by the midday break, up 15.3 per cent or S$0.31 at S$2.34. It ended at S$2.47, up 21.7 per cent or S$0.44, after 22 million securities transacted.
The company’s net profit rose 32 per cent on the year from S$10.5 million previously. Revenue for its second half stood at S$209.1 million, up 1 per cent from S$206.8 million in H2 FY2024.
As for FY2025, revenue increased 5 per cent to S$399.3 million from S$380.4 million.
The group attributed its recent performance to the “successful ramp-up to high-volume manufacturing” for its second artificial intelligence/high-performance computing customer, which more than offset a decline in revenue from another customer.
Navigate Asia in
a new global order
Get the insights delivered to your inbox.
The board of directors recommended a final dividend of S$0.013 per share for the financial year, resuming dividend payouts to shareholders.
They will be paid out on May 22.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
