UMS Q1 net profit up 44% on sustained demand for semiconductors
Singapore
PRECISION-engineering firm UMS Holdings on Monday recorded a first-quarter rise in net profit of 44 per cent to S$15.4 million, in part due to the continued acceleration of demand for semiconductors worldwide.
The mainboard-listed company also announced an interim dividend of one Singapore cent per share for the quarter ended March 31, to be paid on July 27.
UMS chairman and chief executive Andy Luong said in a statement on Monday: "While the Covid-19 pandemic has given rise to challenging market conditions, it has fuelled increasing consumption of chips across a wide range of markets and applications, op…
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