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Micro-Mechanics Holdings net profit down 33.3% y-o-y to $4.1 mil for 1HFY2024

Bryan Wu
Bryan Wu • 3 min read
Micro-Mechanics Holdings net profit down 33.3% y-o-y to $4.1 mil for 1HFY2024
Chris Borch, CEO of MMH. Photo: The Edge Singapore
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Micro-Mechanics Holdings (MMH) (SGX:5DD) has reported a net profit of $4.1 million for the six months ended 31 December 2023, down 33.3% from 1HFY2023.

This translates to earnings per share of 2.96 cents for 1HFY2024, down from 4.42 cents in the year earlier period.

For the semiconductor tools manufacturer, group revenue eased 20.5% to $29.4 million in 1HFY2024, in tandem with slow conditions in the global semiconductor industry during the period.

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