UMS Holdings has reported earnings of $15.4 million for the 1QFY2021 ended March, representing 44% growth y-o-y.

This translates to earnings per share (EPS) of 2.88 cents, compared to 2 cents for the 1QFY2020. The group has declared an interim dividend of 1 cent per share.

The increased earnings follow a surge in revenue for the period to $49.6 million, 42% higher y-o-y on the back of a sustained increase in semiconductor demand. Semiconductor Integrated System sales surged 75% y-o-y to $22.6 million in the 1QFY2021, while component sales grew 28% y-o-y to $24.1 million.

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