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Analysts remain positive on UMS Holdings as sales in global semiconductor industry projected to reach all-time high

Samantha Chiew
Samantha Chiew8/16/2018 01:13 PM GMT+08  • 3 min read
Analysts remain positive on UMS Holdings as sales in global semiconductor industry projected to reach all-time high
SINGAPORE (Aug 16): UMS Holdings announced that its 2Q18 earning have increased by 26% to $14.5 million, compared to $11.5 million in 2Q17.
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SINGAPORE (Aug 16): UMS Holdings announced that its 2Q18 earning have increased by 26% to $14.5 million, compared to $11.5 million in 2Q17.

This brings 1H18 earnings to $25.9 million, 14% higher than $22.7 million in 1H17.

However, revenue for the quarter saw an 18% drop to $35.2 million from $$42.7 million a year ago. This was mainly due to a 17% decline in sales from the group’s semiconductor business and the absence of revenue contribution from its Others segment.

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