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UMS Holdings reports FY2023 earnings of $68.5 million, down 34%

The Edge Singapore
The Edge Singapore • 2 min read
UMS Holdings reports FY2023 earnings of $68.5 million, down 34%
Andy Luong, UMS's chairman and CEO. Photo: Albert Chua/The Edge Singapore
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UMS Holdings has reported earnings of $68.5 million for FY2023, down 34%, no thanks to higher costs and lower revenue. Revenue in the same period was down 19% to $299.9 million, as it was weighed down by the overall down cycle of the semiconductor industry.

The company plans to pay a final dividend of 2.2 cents.

Andy Luong, the company's chairman and CEO calls the FY2023 results a "good" one following an exceptional FY2022.

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