Summary by Futu AI
ASMPT Limited (“ASMPT”) has announced its first quarter results for the year ended 31 March 2024. For the quarter, ASMPT's sales revenue was HK$31.4 billion, down 19.9% year-on-year and 7.8% quarter-on-quarter. Total new orders were HK$32.0 billion, down 9.8% year-on-year, but up 17.0% quarter-on-quarter. Gross margin was 41.9%, up 145 pips year-on-year, but down 40 pips quarter-on-quarter. Operating margin was 7.6%, down 425 points year-on-year, but up 218 points quarter-on-quarter. Profit was HK$1.77 million, down 43.7% year-on-year, but up 134.5% quarter-on-quarter. Basic earnings per share were HK$0.43, down 44.2% year-on-year, but up 138.9% quarter-on-quarter. The company forecasts second-quarter sales revenue in 2024 to be between $3.8 billion and $4.4 billion, with the median...Show More