Micro-Mechanics Ltd. Reports Unaudited Group Earnings Results for the Second Quarter and Six Months Ended December 31, 2014; Provides Capital Expenditure Guidance for the Fiscal Year 2015; Reports Fixed Assets Written Off for the Second Quarter Ended December 31, 2014
January 31, 2015 at 04:35 am
Share
Micro-Mechanics (Holdings) Ltd. reported unaudited group earnings results for the second quarter and six months ended December 31, 2014. For the quarter, the company reported revenue of SGD 12,893,988 compared to SGD 10,481,430 a year ago. Profit from operations was SGD 3,780,666 compared to SGD 2,023,801 a year ago. Profit before income tax was SGD 3,780,666 compared to SGD 2,023,801 a year ago. Profit was SGD 2,671,729 compared to SGD 1,361,567 a year ago. Net cash from operating activities was SGD 3,177,785 compared to SGD 2,624,005 a year ago. Purchase of property, plant and equipment was SGD 835,776 compared to SGD 1,084,232 a year ago. Fully diluted earnings per share were 1.92 cents compared to 0.98 cents a year ago.
For the six months, revenue was SGD 25,932,176 compared to SGD 21,563,470 a year ago. Profit from operations was SGD 7,348,197 compared to SGD 4,718,105 a year ago. Profit before income tax was SGD 7,348,197 compared to SGD 4,718,105 a year ago. Profit was SGD 5,470,352 compared to SGD 3,521,578 a year ago. Net cash from operating activities was SGD 6,988,126 compared to SGD 4,807,934 a year ago. Purchase of property, plant and equipment was SGD 2,362,434 compared to SGD 1,388,381 a year ago. Fully diluted earnings per share were 3.93 cents compared to 2.53 cents a year ago.
The company's planned capital expenditure for fiscal year 2015 is expected to amount to approximately SGD 6.8 million, which is to be used for the purchase of additional machines and equipment to further enhance automation and operational efficiency.
For the quarter, the company reported fixed assets written off of SGD 52,815.
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 Second Quarter and Six Months Ended December 31, 2014; Provides Capital Expenditure Guidance for the Fiscal Year 2015; Reports Fixed Assets Written Off for the Second Quarter Ended December 31, 2014