Hua Hong Semiconductor sees 58pc profit plunge

Business | 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.

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