Lets go profit taking very soon
UMS Integration up 14.4% after posting ‘strong’ double-digit sales growth in Q1
UMS Integration reported a 43% increase in Q1 earnings to S$14 million, with revenue rising 20% to S$69.4 million. The stock surged 14.4% to S$2.70 following the announcement. The growth was driven by strong demand in semiconductor and aerospace sectors, with earnings per share at S$0.0163. The company declared a cash dividend of S$0.01 per share, to be paid on July 24. CEO Andy Luong highlighted AI-driven demand and a healthy financial position with net cash of S$26 million, expecting continued growth in FY2026.
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