AEM Holdings sees 1HFY2024 earnings slashed 96% y-o-y to $822,000

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AEM Holdings sees 1HFY2024 earnings slashed 96% y-o-y to $822,000

Douglas Toh08-14

AEM Holdings’ sees its 1HFY2024 ended June earnings slashed 96% y-o-y to $822,000.Semiconductor player AEM Holdings Awx’ 1HFY2024 ended June earnings plunged 96% y-o-y to $822,000 from the 1HFY2023’s ...

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EV8
·08-15
My goodness, how to plunged 96% within a year? [Facepalm] [Facepalm] [Facepalm] From $19.7 million to $882k? Not even a million [Spurting] [Spurting]
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[Facepalm]&nbsp; [Facepalm]&nbsp; [Facepalm]&nbsp;&nbsp; From $19.7 million to $882k? Not even a million&nbsp; [Spurting]&nbsp; [Spurting]&nbsp;&nbsp;","listText":"My goodness, how to plunged 96% within a year? [Facepalm]&nbsp; [Facepalm]&nbsp; [Facepalm]&nbsp;&nbsp; From $19.7 million to $882k? Not even a million&nbsp; [Spurting]&nbsp; [Spurting]&nbsp;&nbsp;","text":"My goodness, how to plunged 96% within a year? [Facepalm] [Facepalm] [Facepalm] From $19.7 million to $882k? Not even a million [Spurting] [Spurting]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/338682977018248","repostId":2459432587,"repostType":2,"repost":{"id":"2459432587","pubTimestamp":1723601723,"share":"https://ttm.financial/m/news/2459432587?lang=&edition=fundamental","pubTime":"2024-08-14 10:15","market":"hk","language":"en","title":"AEM Holdings sees 1HFY2024 earnings slashed 96% y-o-y to $822,000","url":"https://stock-news.laohu8.com/highlight/detail?id=2459432587","media":"Douglas Toh","summary":" AEM Holdings’ sees its 1HFY2024 ended June earnings slashed 96% y-o-y to $822,000.","content":"<html><body><p><img src=\"https://edgemarkets-transferred.s3-ap-southeast-1.amazonaws.com/online+ESS+Pic+2+AEM+-+Copy_0_0_0.jpg\"/>  AEM Holdings’ sees its 1HFY2024 ended June earnings slashed 96% y-o-y to $822,000.</p><p dir=\"ltr\">Semiconductor player AEM Holdings <code>Awx</code>’ 1HFY2024 ended June earnings plunged 96% y-o-y to $822,000 from the 1HFY2023’s $19.7 million.</p>\n<p dir=\"ltr\">Earnings per share (EPS) from the period was similarly slashed 95% y-o-y to 0.29 cents, from 1HFY2023’s 6.33 cents.</p>\n<p dir=\"ltr\">Meanwhile, revenue in the 1HFY2024 dropped to $173.6 million from the previous $275.2 million, a 37% y-o-y decrease.</p>\n<p dir=\"ltr\">Gross profit from the period also fell 48% y-o-y to $43.4 million from 1HFY2023’s $83.0 million.</p>\n<p dir=\"ltr\">No dividend was declared for the period.</p>\n<p dir=\"ltr\">The group attributes its lower revenue primarily due to weaker demand from its key semiconductor customer, as well as the disposal of an associate, recorded under other expenses at $2.3 million.</p>\n<p dir=\"ltr\">For the 2HFY2024, AEM forecasts revenue to be in the range of $160 million to $180 million, while q-o-q revenue growth is anticipated in the 4QFY2024 thanks to business growth from its new customer.</p>\n<p dir=\"ltr\">Shares in AEM closed 4 cents lower or 2.67% down at $1.46 on Aug 14.</p>\n</body></html>","source":"edge_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>AEM Holdings sees 1HFY2024 earnings slashed 96% y-o-y to $822,000</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAEM Holdings sees 1HFY2024 earnings slashed 96% y-o-y to $822,000\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-08-14 10:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.theedgesingapore.com/capital/brokers-calls/aem-holdings-sees-1hfy2024-earnings-slashed-96-y-o-y-822000?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS><strong>Douglas Toh</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>AEM Holdings’ sees its 1HFY2024 ended June earnings slashed 96% y-o-y to $822,000.Semiconductor player AEM Holdings Awx’ 1HFY2024 ended June earnings plunged 96% y-o-y to $822,000 from the 1HFY2023’s ...</p>\n\n<a href=\"https://www.theedgesingapore.com/capital/brokers-calls/aem-holdings-sees-1hfy2024-earnings-slashed-96-y-o-y-822000?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AWX.SI":"永科","AEM":"伊格尔矿业"},"source_url":"https://www.theedgesingapore.com/capital/brokers-calls/aem-holdings-sees-1hfy2024-earnings-slashed-96-y-o-y-822000?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2459432587","content_text":"AEM Holdings’ sees its 1HFY2024 ended June earnings slashed 96% y-o-y to $822,000.Semiconductor player AEM Holdings Awx’ 1HFY2024 ended June earnings plunged 96% y-o-y to $822,000 from the 1HFY2023’s $19.7 million.\nEarnings per share (EPS) from the period was similarly slashed 95% y-o-y to 0.29 cents, from 1HFY2023’s 6.33 cents.\nMeanwhile, revenue in the 1HFY2024 dropped to $173.6 million from the previous $275.2 million, a 37% y-o-y decrease.\nGross profit from the period also fell 48% y-o-y to $43.4 million from 1HFY2023’s $83.0 million.\nNo dividend was declared for the period.\nThe group attributes its lower revenue primarily due to weaker demand from its key semiconductor customer, as well as the disposal of an associate, recorded under other expenses at $2.3 million.\nFor the 2HFY2024, AEM forecasts revenue to be in the range of $160 million to $180 million, while q-o-q revenue growth is anticipated in the 4QFY2024 thanks to business growth from its new customer.\nShares in AEM closed 4 cents lower or 2.67% down at $1.46 on Aug 14.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":0,"commentSize":1,"repostSize":1,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}