ASM PACIFIC TECHNOLOGY LIMITED: ASM Pacific reports HK$113million net profit for 1998.

0 Comments | M2 Presswire, March, 1999

M2 PRESSWIRE-1 March 1999-ASM PACIFIC TECHNOLOGY LIMITED: ASM Pacific reports HK$113million net profit for 1998 (C)1994-99 M2 COMMUNICATIONS LTD RDATE:010399 * Out-performed industry norm despite economic slump HONG KONG -- Leading semiconductor assembly equipment and leadframe supplier ASM Pacific Technology Limited ("ASM") (Stock code: 522) today reported a net profit of HK$113.0 million for the financial year ended December 31, 1998 (1997: HK$ 202.6 million).

The results fall within market expectation. More importantly, ASM had managed to outperform all of its major Western competitors who reported losses for the same period, thus gaining market share and ready to ride on the foreseeable strong growth of the assembly equipment industry, which is...