Micro-Mechanics (Holdings)

[Ray168]

Micro-Mechanics Posts Net Profit of S$4.5 M on Revenue of S$16.9 M in 1Q19
 1Q19 marked the Group’s highest quarterly results since its record performance in 1Q18
 1Q19 revenue rose 7.7% qoq while net profit increased 13.9% qoq from 4Q18
 Gross profit margin in 1Q19 steady at 59.5%
 Sound financial position with cash of S$23.9 million and zero debt

Chris:
"For our recent projects, we are seeing a pattern where longer and more costly development cycles are
required to meet the ever-changing nature and increasingly stringent demands of the semiconductor
industry. We believe this is becoming the norm as the chip industry moves below 10 nano device
geometries and into increasingly difficult processing methods.

Although these requirements make the landscape more challenging, we believe they play well to MicroMechanics’
technical, financial and managerial strengths and our focus on building stakeholder value that is sustainable,”
link

For the three months ended 30 September 2018 (1Q19), the Group reported revenue of S$16.9 million. This was a
decline of 4.6% from S$17.7 million in 1Q18, which marked our highest ever quarterly revenue, due mainly to
lower sales contribution from the Singapore and Malaysia markets.

On a quarter-on-quarter (qoq) basis, however, Group revenue in 1Q19 increased 7.7% from S$15.7 million in
4Q18 due mainly to higher sales in the majority of our geographical markets, particularly in China and Malaysia.