UMS Integration doubles Q3 profit to S$21.1 million on semiconductor, aviation sales growth

Résumé détaillé

Revenue is up 61% year on year at S$95.4 million – its highest quarterly figure in three years

Revenue is up 61% year on year at S$95.4 million – its highest quarterly figure in three years

[SINGAPORE] Precision engineering company UMS Integration on Tuesday (Nov 10) reported a year-on-year doubling in net profit to S$21.1 million for its third quarter ended Sep 30.

This came on the back of its highest quarterly revenue in the past three financial years, the group noted, with a 61 per cent surge to S$95.4 million.

This offset increases in various expenses, including a 5 per cent increase in raw material and subcontractor charges to S$47.7 million, and a 51 per cent jump in employee benefits expenses to S$11.9 million.

On a per-share basis, earnings increased to S$0.0237, from S$0.0118 a year earlier. An interim dividend of S$0.01 a share has been declared, and will be paid out on Dec 18.

In a bourse filing, mainboard-listed UMS said its improved performance was the result of growth in its core business segments – semiconductor and aerospace – thanks to the artificial intelligence-driven “chip ‘super-cycle’ and sustained aviation boom worldwide”.

Revenue for the semiconductor segment revenue climbed 65 per cent year on year in Q3, boosted by strong sales in the semiconductor integrated system and components subdivisions.

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Sales for these two subdivisions were up 32 per cent to S$27.3 million, and 87 per cent to S$55.8 million, respectively.

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