For the manufacturer of high precision tools and parts used in process-critical applications for the semiconductor industry, group revenue eased 9.6% to $36.9 million in 1HFY2023, reflecting slower conditions in the global semiconductor industry and the difficult operating environment in China.
Micro-Mechanics Holdings (MMH) has reported a net profit of $6.1 million for the six months ended 31 December 2022, down 35.5% from 1HFY2022.
This translates to earnings per share of 4.42 cents for 1HFY2023, down from 6.85 cents in the year earlier period.
