SINGAPORE (Apr 9): UMS Holdings provides equipment manufacturing and engineering services to manufacturers of semiconductors and related products. The group is in the business of front-end semiconductor equipment contract manufacturing and is also involved in complex electromechanical assembly and final testing devices. Headquartered in Singapore, the group has production facilities in here, Malaysia and the United States.

The global economic environment has seen much volatility last year, especially with technology disruptions and the US-China trade dispute. How has UMS performed against this erratic landscape and what are some developments shareholders can look forward to?

UMS remains profitable in this tough environment as we have adopted a clear pragmatic strategy of managing our cost structure, enhancing operational efficiencies and raising productivity. Over the past five years, we have grown our revenue from $111.1 million in FY2015 to $131.9 million in FY2019. We also achieved record revenue of $162.5 million in FY2017, driven by capital spending by global semiconductor giants. Recently, as part of its diversification strategy to expand our revenue and earnings base beyond the semiconductor industry, UMS acquired a controlling 39% stake in Catalist-listed JEP Holdings to break into the highgrowth aerospace industry. We also acquired Starke Singapore, a stockist for metals, and a water-treatment company Kalf Engineering. The diversification has already started to add to our bottom line.

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