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UMS reports earnings of $17.4 mil despite slowing semicon industry

Bryan Wu
Bryan Wu • 2 min read
UMS reports earnings of $17.4 mil despite slowing semicon industry
In view of its “robust” 1QFY2022 performance, UMS says it will maintain its interim dividend of 1 cent per share to reward shareholders.
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Despite a challenging global economy and a slowing semiconductor industry, UMS Holdings (SGX:558) has reported earnings of $17.4 million for its 1QFY2023 ended March 31, a 10% decrease in earnings compared to the corresponding period last year.

Earnings per share also slipped to 2.59 cents for the period, down from 2.91 cents in 1QFY2022.

Revenue for 1QFY2023 remained relatively stable, easing 5% to $80.8 million compared to $84.7 million in 1QFY2022.

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