Brief: ASM Pacific Technology Says Qtrly Net Profit Decreased 76.6%

ASMPT

22/04/2020 02:27

April 22 (Reuters) - ASM Pacific Technology Ltd  0522.HK :
    * QTRLY NET PROFIT OF HK$25.4 MILLION DECREASED 76.6% OVER
PCP
    * QTRLY GROUP BOOKINGS US$668.9 MILLION, UP 45.3%
    * QTRLY GROUP REVENUE OF US$434.2 MILLION, DOWN 7.6%
    * SEES REVENUE IN Q2 2020 IN RANGE OF US$500 MILLION TO
US$580
MILLION
    * SEES Q2 BOOKINGS TO DECLINE IN DOUBLE-DIGIT PERCENT QOQ
DUE TO
COVID-19 IMPACT
    * SEES GROUP'S GROSS MARGIN IN RANGE OF 34.5% TO 36.5% FOR
Q2 2020
    * CONTINUES TO SEE STRONG BOOKING MOMENTUM FOR MATERIALS
SEGMENT
IN APRIL MTD
    * EXPECTS DEMAND FROM INFORMATION TECHNOLOGY & DATA CENTER
RELATED
APPLICATIONS TO CONTINUE IN TERMS OF BILLINGS

Source text for Eikon:  ID:nHKS9ztYnH 
Further company coverage:  0522.HK 

 ((Reuters.Briefs@thomsonreuters.com;))