Micro-Mechanics (Holdings) Ltd. reported unaudited group earnings results for the first quarter ended September 30, 2017. For the quarter, the company reported revenue of SGD 17,694,454 compared to SGD 13,358,519 a year ago. This was due to higher demand from customers across the Group's key geographical markets, reflecting the strong underlying growth of the global semiconductor industry since the beginning of 2017. Profit from operations was SGD 6,696,005 against SGD 4,504,225 a year ago. Profit before income tax was SGD 6,696,005 against SGD 4,504,225 a year ago. Profit for the period was SGD 5,170,990 or 3.72 cents per diluted share against SGD 3,380,488 or 2.43 cents per diluted share a year ago. Net cash from operating activities was SGD 4,354,728 against SGD 4,273,478 a year ago. Purchase of property, plant and equipment were SGD 2,154,551 against SGD 889,904 a year ago. Capital expenditure was SGD 2,154,551 against SGD 889,904 a year ago.

For the fiscal year 2018, the company expects to incur capital expenditure of approximately SGD 10.0 million.

For the quarter, the company recorded a property, plant and equipment written off of SGD 1,409 against SGD 4,278 a year ago.