UMS Q2 net profit up 43%, proposes one Singapore cent interim dividend

Singapore

A BOOST in semiconductor sales lifted precision engineering firm UMS Holdings' net profit by 43 per cent to S$11.6 million for the second quarter ended June 30, 2020.

Revenue was up 35 per cent to S$40.3 million on the back of a 41 per cent increase in revenue from the semiconductor segment.