Revenue for the quarter dipped by 1.3% y-o-y to $20.2 million due to the moderation of growth of the global semiconductor market since the middle of this year. That said, the group’s revenue was supported by the double-digit growth in sales to customers in Singapore and the US. This was offset by a slowdown of orders in the China market as customers there had previously raised their stock holdings of the group’s products when the chip industry was experiencing supply chain disruptions.
Micro-Mechanics Holdings (MMH) has reported earnings of $4.2 million for the 1QFY2023 ended Sept 30, 14.6% lower than the earnings of $5.0 million in the corresponding quarter the year before.
1QFY2023 earnings per share (EPS) stood at 3.05 cents on a fully diluted basis, down from 3.57 cents in the same period the year before.
