UMS Integration (SGX:558) saw its stock price soar 3.47% in intraday trading on Wednesday, following the release of its impressive second-quarter financial results. The semiconductor equipment manufacturer reported a significant increase in both profit and revenue, demonstrating robust growth in its core business.
According to the company's filing with the Singapore Exchange, UMS Integration's attributable profit to owners climbed 10% year-over-year to SG$10.3 million in Q2. This translates to earnings per share of SG$0.0144, up from SG$0.0131 in the same period last year. The company's revenue also saw a substantial 20% increase, reaching SG$67.3 million, primarily driven by strong performance in its semiconductor segment.
Adding to the positive sentiment, UMS Integration announced an interim dividend of SG$0.01 per share for the period. This combination of strong financial performance and shareholder returns appears to have bolstered investor confidence, contributing to the stock's significant price movement during the trading session.