Micro-Mechanics Ltd. Reports Unaudited Group Earnings Results for the First Quarter Ended September 30, 2017; Provides Capital Expenditure Guidance for the Fiscal Year 2018; Records Property, Plant and Equipment Written Offs for the First Quarter of Fiscal 2018
October 30, 2017 at 03:12 am
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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.
Micro-Mechanics (Holdings) Ltd. is a Singapore-based integrated mechanics solution company. The Company is engaged in the business of designing, manufacturing, and marketing high precision tools and parts used in process-critical applications for the wafer-fabrication and assembly processes of the semiconductor industry. The Company is also engaged in the contract manufacturing of precision parts and tools used in process-critical applications for the semiconductor wafer-fabrication industry. The Company's segments include Singapore, Malaysia, the Philippines, the USA, and China. Its products and solutions include Semiconductor, which include Die Attach, Wire-bonding, and Encapsulation. Its Die Attach products include Rubber Tips (Integrated Circuits), High-Temp Plastic Tools, Tungsten Carbide Collets, Sensor Assembly (ASM), Vacuum Wand Tools, Dispensing Nozzle Adaptors, Epoxy Stamping Tools, Die Ejection, Wire Bonding, and Encapsulation, among others.
Micro-Mechanics Ltd. Reports Unaudited Group Earnings Results for the First Quarter Ended September 30, 2017; Provides Capital Expenditure Guidance for the Fiscal Year 2018; Records Property, Plant and Equipment Written Offs for the First Quarter of Fiscal 2018