Semiconductor equipment manufacturer reports significant growth from acquisitions and customer success
AEM, a leading semiconductor equipment manufacturer, has posted a remarkable 180.3% increase in net profit for the first half of 2022, signalling a potentially record-breaking year for the company. For the six months ending June 30, AEM reported a net profit of S$82.8 million, a sharp rise from S$29.6 million during the same period in the previous year.
This surge in profit translates to earnings per share of 26.78 Singapore cents, up from 10.61 cents per share in H1 2021. The company’s revenue also saw a substantial increase of 181.1%, reaching S$540.5 million, compared to S$192.3 million in the prior year. This marks the highest half-year revenue in AEM’s history.
The strong performance was attributed to a significant ramp-up in the production of new-generation “system-level testing handlers, burn-in test handlers, related consumables, and peripheral tools.” Additionally, contributions from CEI, acquired in March 2021, bolstered the company’s growth.
AEM’s profit before tax during this period was also the highest recorded by the company. In light of these results, the board has proposed an interim dividend of 6.7 Singapore cents per share, representing a 25% payout for H1 2022.
Despite the positive results, AEM’s shares closed at S$4.38 on Friday, down 0.7% or S$0.03, just before the announcement of the financial report.
