UMS H1 net profit drops 35% to $19.5m

The decline was due to lower sales.

UMS Holdings (UMS) reported a 35% decline in net profit to $19.5m in H1 2024 as sales softened 29% compared to last year.

Revenue for the period stood at $109.9m despite lower sales and earnings. On a quarterly basis, UMS’ revenue fell 25% year-on-year (YoY) to $56m in Q2 Q024 from $74.4m in Q2 2023.

Semiconductor sales dropped 29% YoY due to weaker global chip demand, whilst the Others segment saw a 7% decline as the general slowdown in Q2 2024 impacted the material and tooling distribution business.

Meanwhile, the Aerospace segment showed a modest growth of 5% amidst sustained recovery in the aerospace industry.

Follow the link for more news on

UMS

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia