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Micro Mechanics declares 3 cents interim dividend in 2Q17

Gwyneth Yeo
Gwyneth Yeo2/6/2017 04:20 PM GMT+08  • 2 min read
Micro Mechanics declares 3 cents interim dividend in 2Q17
SINGAPORE (Feb 6): Micro-Mechanics Holdings posted earnings of $3.4 million for 2QFY17, a 23.5% improvement over the previous corresponding quarter.
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SINGAPORE (Feb 6): Micro-Mechanics Holdings posted earnings of $3.4 million for 2QFY17, a 23.5% improvement over the previous corresponding quarter.

The jump in earnings came on the back of the group’s record quarterly revenue of $14.2 million, 16.3% higher than in 2QFY16, as sale improved in Singapore, Malaysia and the US.

Micro-Mechanics is the manufacturer of high precision parts and tools for the semiconductor industry. In a release to the Singapore Exchange, the group explained that sales in Singapore had risen 74.3% to $1.1 million and sales in US rose 27.5% to $2.2 million after the group decided to focus all five of its factories on manufacturing parts and tools for the process-critical applications of the semi-conductor industry.

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