ASMPT (HKG:0522) posted a net profit of HK$82.6 million, or HK$0.20 per basic share, in the first quarter of 2025, down 53.5% from the year-ago period.
The decline was due to lower gross margin, operating expenses for strategic investments, and foreign exchange effects, according to a Wednesday filing with the Hong Kong Exchange.
The chip gear maker's revenue came in at HK$3.12 billion for the three months ended March 31, down 0.5% from a year earlier.
Bookings amounted to HK$3.35 billion, up 4.8% year over year.
Looking ahead, ASMPT expects to generate between $410 million and $470 million in second-quarter revenue.
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