UMS Holdings Limited Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2018; Provides Earnings Guidance for the Full Fiscal Year 2018
For the nine months, the company reported revenue of SGD 102,033,000 against SGD 123,833,000 a year ago. Profit before income tax was SGD 36,636,000 against SGD 39,841,000 a year ago. Net profit attributable to equity holders of the company was SGD 33,484,000 or 6.24 cents per fully diluted share against SGD 36,211,000 or 6.75 cents per fully diluted share a year ago. Revenue for the first nine months ended 30 September 2018 was 18% lower from the same period a year ago as its semiconductor sales declined by 19% while revenue from the "Others" segment surged by 194%. The dip in net profit is mainly attributed to higher manpower and depreciation costs.
Barring any unforeseen circumstances, the group expects to remain profitable for the full fiscal year 2018.