Hua Hong Semiconductor sees 58pc profit plungeBusiness | 11 Aug 2020 9:44 pm
Hua Hong Semiconductor (1347) said net profit in the first half plunged 58 percent year-on-year to US$38.1 million (HK$297.18 million).
Revenue in the first six months dropped 5 percent year-on-year to US$428.2 million, due to decreased average selling price and decreased demand for smart card ICs and super junction products.
Basic earnings per share were US$0.03. It did not declare any interim dividend.