SINGAPORE (May 11): UMS Holdings reported 1Q18 earnings increased by 2% to $11.4 million, compared to $11.2 million in 1Q17.

Revenue came in at $37.5 million, 10% lower than $41.8 million recorded in the previous year, due to a 9% dip in revenue from its semiconductor business while sales from its Others segment fell 44%.

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