Revenue for the quarter surged 56% to $40.4 million from $25.9 million from the corresponding quarter in the previous year. This was attributable mainly to the higher sales contributions from the group’s semiconductor and other segments, which posted increases of 53% and 88% respectively.
SINGAPORE (Feb 24): UMS Holdings reported earnings of $9.2 million for 4QFY2019 ended December, a 4% dip from earnings of $9.4 million a year ago. This comes despite a 56% increase in revenue as a change in product mix resulted in lower margins for the group.
As a result, the group’s FY2019 earnings came in at $33.2 million, some 22% lower than earnings of $42.7 million in FY2018.
