pstrongspanspanspanspanspanspanThe company remains positive as the semiconductor sales decline has moderated./span/span/span/span/span/span/strong/p pspanspanspanspanspanspanUMS Holdings reported a 44% year-on-year (YoY) decline in net attributable profit to reach $9.
UMS Holdings reported a 44% year-on-year decline in net attributable profit to reach $9.8m in the first quarter due to the fall in semiconductor sales.
The company attributed the dip in the semiconductor performance as the Semiconductor Integrated System sales were down by 48% to $40.9m due to the high inventory of one of its key customers.Despite the decline in semiconductor sales slowing down in the first quarter, UMS Chairman and CEO Andy Luong maintains a bright outlook as the pace of decline has moderated.
Luong said that the group remained profitable during the period and expressed its gross margins, adding that it cut its expenses to strengthen its financial position....there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.
Wiseasy's WiseQ Mobile Payment Solution is shaping the future of the QR payments landscape for businesses, designed to prevent fraud and inefficiency, and ultimately, to serve an even bigger purpose.Wiseasy Technology earns a win in the Payments category at the SBR National Business Awards 2024
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