Micro-Mechanics (Holdings), which makes precision tools and parts for the semiconductor industry, has reported record earnings of $18.1 million for year ended June 30, up 23.3%.
Revenue in the same period was up 14.8% to $73.7 million.
For its 4QFY2021 ended June 30, earnings of $4.8 million, up 21.4% y-o-y, was a quarterly record too.
The company plans to pay a final dividend of six cents, and a special dividend of two cents, bringing total FY2021 payout to 14 cents – up from 12 cents paid for FY2020.
“The group has benefited from the resilience of the global semiconductor industry which continued to show steady growth amid the economic headwinds from the COVID-19 pandemic,” says CEO Chris Borch.
“In addition to rewarding shareholders, our decision to raise the total dividend payout again in FY2021 is a signal that we remain confident in the long-term prospects of Micro-Mechanics,” he adds.
Micro-Mechanics shares closed Au 27 at $3.18, up 0.32% for the day and 13.98% year to date.
