UMS Holdings Limited Announces Revenue Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Earnings Guidance for the Fourth Quarter of 2014
In the nine months of 2014, UMS' revenue increased 2% to SGD 87.8 million from SGD 86.0 million in the nine months ended 30 September 2013. This was a result of an increase in semiconductor component sales, which was partially offset by lower semiconductor Integrated System sales. Profit before tax was SGD 23.7 million against SGD 19.9 million a year ago. Net profit was SGD 21.3 million against SGD 17.9 million a year ago.
The Group expects the performance in the fourth quarter of 2014 to be relatively flat sequentially.