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UMS poised to ride semiconductor industry upturn, say analysts

Uma Devi
Uma Devi11/13/2019 02:51 PM GMT+08  • 2 min read
UMS poised to ride semiconductor industry upturn, say analysts
SINGAPORE (Nov 13): UMS Holdings has produced a better-than-expected set of results for the 3Q19 ended September, beating analysts estimates by a significant margin.
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SINGAPORE (Nov 13): UMS Holdings has produced a better-than-expected set of results for the 3Q19 ended September, beating analysts estimates by a significant margin.

The precision engineering group reported earnings of $9.2 million, some 21% higher compared to earnings of $7.6 million in the same quarter last year.

This was largely due to a 12% increase in revenue to $32.9 million in 3Q19 from $29.3 million in 3Q18, led by a 14% increase in contributions from the semiconductor segment, driven by a surge in demand for semiconductor integrated systems.

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