UMS Holdings reports FY2023 earnings of $68.5 million, down 34%

The Edge Singapore02-28

UMS plans to pay a final dividend of 2.2 cents per shareUMS Holdings has reported earnings of $68.5 million for FY2023, down 34%, no thanks to higher costs and lower revenue. Revenue in the same ...

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Revenue in the same ...</p>\n\n<a href=\"https://www.theedgesingapore.com/capital/results/ums-holdings-reports-fy2023-earnings-685-million-down-34?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS\">Source Link</a>\n\n</div>\n","source":"edge_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>UMS Holdings reports FY2023 earnings of $68.5 million, down 34%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUMS Holdings reports FY2023 earnings of $68.5 million, down 34%\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-02-28 09:36 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.theedgesingapore.com/capital/results/ums-holdings-reports-fy2023-earnings-685-million-down-34?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS><strong>The Edge Singapore</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>UMS plans to pay a final dividend of 2.2 cents per shareUMS Holdings has reported earnings of $68.5 million for FY2023, down 34%, no thanks to higher costs and lower revenue. Revenue in the same ...</p>\n\n<a href=\"https://www.theedgesingapore.com/capital/results/ums-holdings-reports-fy2023-earnings-685-million-down-34?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"558.SI","symbol_name":"UMS控股","start_time":0,"source_url":"https://www.theedgesingapore.com/capital/results/ums-holdings-reports-fy2023-earnings-685-million-down-34?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS","article_id":"2415533074","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2415533074","pubTimestamp":1709084183,"sourceInfo":{"source_id":"edge_highlight","name":"Edge"},"weMediaInfo":null,"summary":"UMS plans to pay a final dividend of 2.2 cents per share","collect":0,"end_time":0,"defaultTopTitle":"theedgesingapore.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"558.SI":"UMS控股"},"translate_title":"UMS控股报告2023财年收益为6850万美元，下降34%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"558.SI":1},"content_text":"UMS plans to pay a final dividend of 2.2 cents per shareUMS Holdings has reported earnings of $68.5 million for FY2023, down 34%, no thanks to higher costs and lower revenue. Revenue in the same period was down 19% to $299.9 million, as it was weighed down by the overall down cycle of the semiconductor industry.\nThe company plans to pay a final dividend of 2.2 cents.\nAndy Luong, the company's chairman and CEO calls the FY2023 results a \"good\" one following an exceptional FY2022.\n\"The group's performance also reflects the success of our diversification strategy - as the aerospace business continued to report robust growth, moderating the impact of the global semiconductor slowdown,\" he adds.\nUMS's new 300,000 square feet production facility in Penang, built at a cost of RM250 million, will commence volume production in March for a new customer and the company expects an uptick in order flow in the coming months.\nThe global semiconductor sector could see some near-term softness due to surplus inventory issues, overall longer-term prospects look brighter, says Luong, citing feedback from customers.\n\"In view of the favourable forecasts from our customers and the expected global semiconductor industry rebound as well as the sustained strong global aviation demand, we remain confident of future prospects and will continue to make investments across our key business segments to support our long-term growth plans.\"\nUMS shares closed at $1.51 on Feb 28, unchanged for the day but up 41.12% over the past 12 months.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2415533074"}