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Micro-Mechanics reports 53% rise in earnings in 'best quarter' ever

PC Lee
PC Lee • 2 min read
Micro-Mechanics reports 53% rise in earnings in 'best quarter' ever
SINGAPORE (Oct 30): Shares in Micro-Mechanics were up as high as $1.98 on achieving its "best quarterly results" so far.
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SINGAPORE (Oct 30): Shares in Micro-Mechanics were up as high as $1.98 on achieving its "best quarterly results" so far.

Micro-Mechanics, the maker of high precision tools and parts used in the semiconductor industry, reported 1Q18 earnings rose 53% to $5.2 million.

This came on the back of revenue growth of 32.5% to $17.7 million, higher gross profit margin of 60.9% and a tight rein on expenses.

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