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UMS reports 1HFY2022 earnings of $42 mil, up 22%

The Edge Singapore
The Edge Singapore8/12/2022 05:38 PM GMT+08  • 2 min read
UMS reports 1HFY2022 earnings of $42 mil, up 22%
“This strong customer forecast heralds good news for UMS' growth momentum in the coming months,” says UMS.
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UMS Holdings has reported record earnings of $42 million for 1HFY2022, up 22% over the year earlier period. Revenue in the same period was up 47% to $171.3 million.

The company plans to pay an interim dividend of one cent.

The company’s numbers were driven by strong demand for its main semiconductor segment, with revenue up 29% to $75.6 million. Its aerospace business, meanwhile, more than doubled.

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