Revenue in the semiconductor segment fell 30% as global semiconductor demand remained soft while revenue in its others segment plunged 55% mainly due to the weaker material and tooling distribution business affected by the general business slowdown.
UMS Holdings (SGX:558
) has reported lower earnings of $15.4 million for the 3QFY2023 ended Sept 30, a 64% decrease from the same period last year.
The group also recorded a lower revenue of $71.3 million, a 29% decrease y-o-y, due to lower sales from both its semiconductor and other businesses, which was partially lifted by better performance from its aerospace business.
