UMS reports record earnings for FY2021, doubles dividend to 2 cents per share

EQUIPMENT manufacturing provider 5 58 FY2021 earnings ended Dec 31 jumped 49 per cent to S$53.1 million, rising in tandem with a record revenue of S$271.2 million, a 65 per cent increase from the year prior.

The mainboard-listed company is doubling the final dividend to 2 Singapore cents per share as a reward to shareholders, it said in a regulatory filing on Monday (Feb 28).

Earnings per share for FY2021 rose from 5.46 Singapore cents to 7.96 Singapore cents.

The growth in revenue was driven mainly by the sustained semiconductor boom propelling sales growth, and the integration of Catalist-listed JEP Holdings in Q2FY2021 ending Jun 30.

UMS's order forecast remains strong as its key customer has given positive guidance for FY2022. The company expects the momentum for its semiconductor systems to continue to increase and sustain into 2022.

"Going forward, in addition to the strong semiconductor market outlook, the Group is also well poised to tap post-pandemic growth opportunities, especially in the potential upswing in the aviation sector. JEP, with its established track record in the aerospace industry, stands to gain from the gradual aviation industry recovery, said Andy Luong, chairman and chief executive officer of UMS.

Shares of UMS closed 1.6 per cent or S$0.02 lower at S$1.20 on Monday.