ASM Pacific Technology ( (HK:0522) ) just unveiled an update.
ASMPT Limited announced its audited financial results for the year ending December 31, 2024, reporting a 10% decline in revenue year-on-year to HK$13.23 billion. Despite a challenging year with a significant drop in net profit by 51.9% to HK$342.2 million, the company achieved record bookings and revenue in its advanced packaging segment, driven by the adoption of AI technologies. The company plans to distribute a total dividend of HK$0.67 per share for 2024, reflecting its commitment to returning excess cash to shareholders, although this is a decrease from the previous year.
More about ASM Pacific Technology
ASMPT Limited, incorporated in the Cayman Islands, operates in the semiconductor and electronics industries, focusing on advanced packaging and surface mount technology solutions. The company is known for its expertise in providing equipment and materials for semiconductor assembly and packaging, which are critical in the manufacturing of electronic devices.
YTD Price Performance: -3.13%
Average Trading Volume: 438
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $4.05B
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