ASM Pacific Technology (HK:0522) has released an update.
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ASMPT Limited reported its 2024 third-quarter financial results, revealing a slight year-over-year revenue decline to HK$3.34 billion but a notable increase in bookings by 7.1%. The company achieved an impressive 41% gross margin and saw a significant 87% rise in net profit compared to the previous year, driven by the robust demand in the semiconductor and electronics manufacturing sectors. Investors might find the company’s strategic positioning in the generative AI space particularly promising, as technological advancements continue to bolster market dynamics.
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