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AEM earnings surge eight-fold to $12.3 mil in 1H

Stanislaus Jude Chan
Stanislaus Jude Chan8/7/2017 11:48 PM GMT+08  • 2 min read
AEM earnings surge eight-fold to $12.3 mil in 1H
SINGAPORE (Aug 7): AEM Holdings posts a net profit of $12.3 million for the 1H ended June, close to eight times higher than earnings of $1.6 million a year ago.
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SINGAPORE (Aug 7): AEM Holdings posts a net profit of $12.3 million for the 1H ended June, close to eight times higher than earnings of $1.6 million a year ago.

The provider of equipment systems solutions and manufacturing services saw revenue more than treble to $104.5 million for the first half of 2017, from $29.3 million a year ago.

The sales and profit growth were driven by the commercial success of the group’s next generation semiconductor handler platform, which was commercially adopted by its key customer in late 2016.

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