MBSB returned to the black in the first quarter ended March 31, 2009 with net profit of RM5.8 million after posting net loss of RM9.15 million in the preceding quarter ended Dec 31.
Unisem posted net loss of RM23.1 million in the first quarter ended March 31, a stark contrast from the profit of RM23.1 million a year ago. Revenue fell 41% to RM180.68 million from RM310.68 million due to reduced sales volume following the global economic slowdown.
However, Unisem said the company was upbeat about the remaining quarters and expected revenue and earnings to improve substantially in the second quarter.
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