Summary by Futu AI
ASMPT Limited ('ASMPT' or 'the Group') announced in its mid-year report for 2024 that despite facing market challenges, the Group achieved sales revenue of HKD 6.48 billion in the first half of the year, a year-on-year decrease of 17.1%; after tax comprehensive profit was HKD 0.314 billion, a year-on-year decrease of 49.6%, but an increase of 255.2% for the half-year. Basic earnings per share were HKD 0.76, a year-on-year decrease of 50.0%, but an increase of 245.5% for the half-year. The Group announced an interim dividend of HKD 0.35 per share, a year-on-year decrease of 42.6%. The Group's Advanced Packaging ('AP') solutions have shown strong momentum, with significant growth in both annual and semi-annual order book, mainly from System-in-Package ('SiP'), Thermal Compression Bonding ('TCB'), and Photonics solutions. The Group expects sales revenue for the third quarter of 2024 to be between USD 0.37 billion and USD 0.43 billion, a year-on-year decrease of 9.9% and a quarterly decrease of 6.4%.