Home Capital Results

UMS reports 44% drop in 2Q earnings to $8.1 mil

Stanislaus Jude Chan
Stanislaus Jude Chan8/14/2019 07:01 PM GMT+08  • 2 min read
UMS reports 44% drop in 2Q earnings to $8.1 mil
SINGAPORE (Aug 14): UMS Holdings saw its earnings drop 44% to $8.1 million for the 2Q19 ended June, from $14.5 million a year ago.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

SINGAPORE (Aug 14): UMS Holdings saw its earnings drop 44% to $8.1 million for the 2Q19 ended June, from $14.5 million a year ago.

Earnings per share fell to 1.51 cents in 2Q19, compared to 2.70 cents in 2Q18.

2Q19 revenue fell 15% to $30.0 million, from $35.2 million a year ago, as US-China trade tensions, plunging memory prices and the shift in chipmakers' strategies continued to weigh on the group's performance.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now