AEM-Evertech, a leading manufacturer of equipment products, organic substrates, precision engineering parts, chemicals, solutions and services in the semiconductor industry reported net profit of S$10.7 million on total revenues of S$126.9 million for 1H2006. This represents a 138% increase in net profit and a 75% increase in total revenues over 1H2005. Net profit in 1H2006 exceeded net prsofit of S$10.2 million in full financial year 2005.AEM-Evertech?), a leading manufacturer of equipment products, organic substrates, precision engineering parts, chemicals, solutions and services in the semiconductor industry reported net profit of S$10.7 million on total revenues of S$126.9 million for 1H2006. This represents a 138% increase in net profit and a 75% increase in total revenues over 1H2005. Net profit in 1H2006 exceeded net profit of S$10.2 million in full financial year 2005.

AEM?s wholly-owned subsidiary, Microcircuit Technology (S) Pte Ltd, had signed a memorandum of understanding with Taiwan-based Qualitek Electronics Co., Ltd ("QEC"), to acquire 100% interest in the equity of its Malacca subsidiary namely, Qualitek Electronics (M) Sdn. Bhd. for RM13.5 million (approximately S$6 million).

The primary asset of the company to be acquired is a manufacturing facility in the Batu Berendam Free Trade Zone Phase 3 which currently produces rigid printed circuit boards ("PCB") of up to 12 layers. AEM intends to use the plant to expand its production capacity for organic substrates. When fully utilized, the Malacca plant is expected to double AEM?s output for the critical high-end semiconductor component.