Floating Button
Home Capital Broker's Calls

Micro-mechanics to experience cyclical slowdown in FY19 but metrics remain attractive

Samantha Chiew
Samantha Chiew • 3 min read
Micro-mechanics to experience cyclical slowdown in FY19 but metrics remain attractive
SINGAPORE (Nov 2): Micro-Mechanics reported 1Q18 earnings of $4.51 million, down 12.9% from $5.17 million in 1Q17.
Font Resizer
Share to Whatsapp
Share to Facebook
Share to LinkedIn
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

SINGAPORE (Nov 2): Micro-Mechanics reported 1Q18 earnings of $4.51 million, down 12.9% from $5.17 million in 1Q17.

Revenue was 4.6% lower at $16.9 million from $17.7 million a year ago, bringing gross profit to $10.0 million, 6.8% lower than $10.8 million last year, the first contraction in eight quarter.

By geography, the weakest revenue growth was from Singapore and Japan. US bucked the trend with 8% YoY rise in revenue.

×
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
© 2026 The Edge Publishing Pte Ltd. All rights reserved.