UMS posts 22% fall in 2Q earnings to $6.5 mil

SINGAPORE (Aug 12): UMS Holdings, the precision engineering group for the semiconductor industry, reported earnings of $6.5 million for 2Q16, a 22% decrease from a year ago.

For the half-year period, earnings fell 38% to $9.8 million, in tandem with a 25% fall in revenue to $44 million.

Revenue for the quarter to June fell 24% to $23.6 million, as revenue contribution from the semiconductor business segment fell by 24%. Specifically, semiconductor integrated system sales decreased by 15% to $11 million while revenue from the semiconductor component sales decreased 31% to $12.6 million.

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