Singapore's ASTI Holdings half-year profit dips on higher costs

ASTI Holdings

11/08/2026 11:09

Overview
Singapore semiconductor solutions provider's half-year revenue rose 25% yr/yr to S$21.7 mln
Gross profit for the period increased 7%, but net profit fell 39% yr/yr
Company attributed profit decline to higher cost of sales and increased expenses

Result Drivers
HIGHER COST OF SALES - Co said increased cost of sales contributed to lower net profit
INCREASED EXPENSES - Co attributed profit decline to higher marketing, R&D, and administrative expenses
LOWER OTHER INCOME - Co reported a 19% drop in other income, further impacting profitability

Company press release: ID:nSN5CCnMx

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
 
S$21.70 mln
 

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)