SINGAPORE (Nov 2): Micro-Mechanics reported 1Q18 earnings of $4.51 million, down 12.9% from $5.17 million in 1Q17.

Revenue was 4.6% lower at $16.9 million from $17.7 million a year ago, bringing gross profit to $10.0 million, 6.8% lower than $10.8 million last year, the first contraction in eight quarter.

By geography, the weakest revenue growth was from Singapore and Japan. US bucked the trend with 8% YoY rise in revenue.

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