AEM Holdings has reported a 46.3% y-o-y drop in its 1HFY2021, from $55.3 million to $29.7 million.
Revenue in the same period was down 29.8% to $192.3 million.
Even with this drop, the company is upbeat about its prospects for the second half of the year.
“We are anticipating a strong uptake in the later part of 2H2021 into 2022 as our next generations tools are phased into our customer’s high volume manufacturing sites globally,” says CEO Chandran Nair.
“We are keeping our FY2021 revenue guidance of $460 - $520 million,” he adds.
In line with the lower earnings, AEM plans to an interim dividend of 2.6 cents per share for 1HFY2021, versus 5 cents paid this time last year.
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AEM shares closed Aug 5 at $4.09, up 0.74% for the day and 14.9% year to date.
