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UMS reports 17% drop in FY18 earnings of $43 mil on lower sales

PC Lee
PC Lee2/26/2019 04:52 PM GMT+08  • 3 min read
UMS reports 17% drop in FY18 earnings of $43 mil on lower sales
SINGAPORE (Feb 26): UMS Holdings, the precision engineering group which specialises in the manufacture of semiconductor components, reported 4Q18 earnings of $9.3 million, down 41% from a year ago.
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SINGAPORE (Feb 26): UMS Holdings, the precision engineering group which specialises in the manufacture of semiconductor components, reported 4Q18 earnings of $9.3 million, down 41% from a year ago.

Revenue in 4Q18 declined 33% to $25.9 million due mainly to a 36% decline in the semiconductor segment which was offset by a 63% rise in sales surge from its others segment comprising mainly revenue from subsidiaries Starke Singapore and Kalf Engineering.

Sales from semiconductor integrated systems dropped 57% for the quarter to $7.8 million from $18.2 million in 4Q17. Revenue from component sales also dipped by 16% to $16.2 million in 4Q18.

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