News

Manufacturing

Staff Reporter

, Singapore

Published:

1 year ago

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Photo from Unsplash by Vishnu Mohanan.

UMS Integration Limited net profit falls 32% in 2024

Revenues were down 19% for the year.

UMS Integration Limited reported a net profit of $41.5m for the year ending 31 December 2024, a decline of 32% compared to the year before.

Revenue in FY2024 fell 19% to $242.1m from $299.9m in FY2023 as sales in the Group's Semiconductor segment and Others segment decreased 21% and 35%, respectively. The drop was moderated by a 16% rise in Aerospace sales during the period under review.

Semiconductor Integrated System sales decreased 33% to $94.4m in FY2024 from $140m in FY2023. Revenue from component sales fell 8% to $110.2m from $ 120 m during the same period.

Apart from Malaysia, sales declined in all the Group's key geographical markets

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