SINGAPORE (May 12): Mainboard-listed precision engineering group UMS Holdings booked earnings of $10.7 million for 1QFY2020 ended March, some 53% higher than earnings of $7.0 million the previous year. 

This brings earnings per share (EPS) for the quarter to 2.0 cents from 1.3 cents last year. 

The improved bottom line figures came on the back of a 22% increase in revenue to $34.9 million from $28.6 million in the corresponding period last year, due to increased contributions across both its business segments. 

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