ASMPT Limited Reports Decline in Interim Profits

ASM Pacific Technology (HK:0522) has released an update.

ASMPT Limited reported a significant decline in their 2024 interim financial results, with revenue dropping 17.1% year-over-year (YoY) and net profit falling 49.6% YoY, although both showed substantial improvement over the first half (HoH) of the year. The company announced an interim dividend of HK$0.35 per share, a decrease from the previous year’s HK$0.61, amidst a mixed semiconductor market influenced by strong demand in certain areas such as logic and memory, attributed to advances in generative AI. Despite softer consumer spending and a sluggish recovery in the automotive and industrial sectors, ASMPT’s Advanced Packaging solutions saw robust order momentum.

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