Micro-Mechanics reports 2QFY2022 earnings of $4.56 mil, up 2.3% y-o-y

Micro-Mechanics has reported revenue of $20.4 million for its 2QFY2022 ended Dec 2021, up 8.7% y-o-y. However, because of higher costs, the company’s earnings was up by 2.3% y-o-y to $4.56 million.

For the six months ended Dec 2021, revenue was up 10.7% y-o-y to $40.8 million whereas earnings was up 4.6% y-o-y to $9.5 million in the same period.