UMS Holdings proposes 1-cent interim DPS for shareholders amidst soaring net profit

The group saw an increase of 44% in its earnings for Q1, 2021.

Equipment manufacturing and engineering services company UMS Holdings Limited, which reported another strong start to the year hitting record quarterly sales, has proposed a 1.0 cent tax-exempted interim dividend per share to reward shareholders.

Revenue for Q1 2020 rose 42% to $49.6m from $34.9m a year earlier, while the Group’s net profit attributable to shareholders shot up by 44% to $15.4m.

The Group said its overall revenue surged on the back of the sustained increase in semiconductor demand. Semiconductor segment sales jumped 47%, driven by both higher Integrated System and component sales. Semiconductor Integrated System sales soared by 75% from $12.9m in Q1 2020 to $22.6m in Q1 2021. Component sales shot up by 28% to $24.1m in Q1 2021 from $18.8m in Q1 2020.

“Our record results for 1QFY2021 underscored the continued acceleration of demand for semiconductors worldwide. While the COVID 19 pandemic has given rise to challenging market conditions, it has fuelled increasing consumption of chips across a wide range of markets and applications, opening up significant growth opportunities for us as global fabs continue to boost their production capacities and expansion plans,” UMS chairman and chief executive officer Andy Luong said.