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UMS Integration reports earnings of $40.6 mil for FY2024, down 32% y-o-y

Nicole Lim
Nicole Lim • 2 min read
UMS Integration reports earnings of $40.6 mil for FY2024, down 32% y-o-y
“We have stayed profitable and grew our revenue every quarter amid challenging global market conditions and geopolitical tensions,” says UMS Chairman and CEO Andy Luong. Photo: Albert Chua/The Edge Singapore
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UMS Integration, formally known as UMS Holdings (SGX:558) , has reported earnings of $40.6 million for FY2024 ended Dec 31, 2024, down 32% y-o-y. For 2HFY2024, the company saw a 29% dip in earnings of $11.1 million. 

Earnings per share for FY2024 came in at 5.74 cents per share. 

Meanwhile, the group reported revenue for the full year of $242.1 million, down 19% y-o-y. For 2HFY2024, the group reported 9% lower earnings of $67.2 million.

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