Micro-Mechanics’ net profit soars by over 108% YoY in Q2 2024

Group revenue also increased by 20.7% YoY to $16.3m.

Micro-Mechanics reported a 108.9% year-on-year (YoY) net profit increase to $2.9m during the second quarter of financial year 2024.

Group revenue also increased by 20.7% YoY to $16.3m driven by both the consumable tools and wafer fabrication equipment parts (WFE) segments.

Consumable tools were up 12% YoY to $12.7m and WFE increased by 66.6% YoY to $3.6m during the quarter.

The company declared an interim dividend of $0.03 per share, which will be paid to shareholders on 18 February 2025.

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