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Micro-Mechanics 3Q has a profit surge

Vincent Chia
Micro-Mechanics full year shows profit leap

Micro-Mechanics (Holdings) Limited announced its 3Q results. 9M revenue was up 22.2% year-on-year to $39.3 million while 9M PAT was also up 72.9% year-on-year to $9.2 million. 3Q revenue was up 26.0% to $13.4 million while 3Q PAT was up 107.3% to $3.7 million. The results were attributed to an improvement in its gross margin from 50.5% to 55.1% in 3Q year-on-year. This was due to strong performance in its semiconductor tooling business. Growth has been strong in China, Taiwan and Malaysia in particular. Going forward, Micro-Mechanics will continue to focus on value to customers and improving operational efficiency.

GET TO THE POINT : Looks likes we are gearing up for electronics led growth going forward.

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