Micro-Mechanics' Q3 net profit jumps 48.1% despite Covid-19 outbreak

Singapore

MICRO-MECHANICS on Friday posted a 48.1 per cent rise in net profit to S$3.9 million for the third quarter ended March 31, 2020, from S$2.6 million a year ago.

The company, which makes high-precision tools and parts for the semiconductor industry, said revenue for the quarter increased 12.9 per cent to S$16.2 million, from S$14.4 million in the year-ago period.