Micro-Mechanics (Holdings) has reported earnings of $4.7 million for its 1QFY21 ended Sept 30, up 42.3% y-o-y. Revenue for the same period was up 18.3% y-o-y to $18.1 million, a record.

The company, which makes precision tools and parts for the semiconductor industry, is enjoying better business in line with overall healthy demand.

It was able to improve its operating efficiency too, with gross profit margin of 54.8% for 1Q, up from 53.4% from the year earlier quarter. 

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook