Mainboard-listed Micro-Mechanics (Holdings), the manufacturer of high precision tools, parts and assemblies for high technology industries, reported a 149% jump in net profit to $1.8 million for the 3 months ended 31 December 2010 (2Q11), from $0.7 million in the same quarter a year ago. The stronger bottomline performance in 2Q11 was achieved on the back of 17.0% growth in group revenue to $11.4 million.

Chris Borch, CEO of Micro-Mechanics, says: “The group continued to perform well in 2Q11 as both our semiconductor tooling and CMA business segments benefited from more buoyant demand conditions in the global technology industry.”

The group is recommending an interim dividend of 1 cent per share (one-tier tax-exempt) to reward shareholders for their continuing support.