Stock Track | Micro-Mechanics Soars 3.07% on Strong Q2 Earnings and Revenue Growth

Stock Track

01/30

Shares of Micro-Mechanics (SGX:5DD) surged 3.07% during Friday's trading session, reflecting positive investor sentiment.

The significant price increase follows the company's release of its fiscal second-quarter results, which showed a 25% year-over-year rise in net profit to SG$3.7 million. Revenue also jumped nearly 15% to SG$18.7 million, driven by strong sales from its consumable tools segment for semiconductors.

Additionally, the company declared an interim dividend of SG$0.03 per share for the first half of its fiscal year, further bolstering investor confidence.

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