trending Market Intelligence /marketintelligence/en/news-insights/trending/HBzr52SEiA4zf7rlYn3Dzg2 content esgSubNav
In This List

Micro-Mechanics fiscal Q2 profit falls YOY

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud

Blog

Price wars in India: Disney+ Hotstar vs. Amazon Prime Video vs. Netflix

Blog

Volume of Investment Research Reports on Inflation Increased in Q4 2021

Blog

Using ESG Analysis to Support a Sustainable Future


Micro-Mechanics fiscal Q2 profit falls YOY

Micro-Mechanics (Holdings) Ltd. said its normalized net income for the fiscal second quarter ended Dec. 31, 2015, amounted to 2 Singapore cents per share, a decline from 2 cents per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was S$2.2 million, a decrease from S$2.3 million in the year-earlier period.

The normalized profit margin increased to 17.9% from 17.5% in the year-earlier period.

Total revenue declined 5.5% year over year to S$12.2 million from S$12.9 million, and total operating expenses decreased 9.5% on an annual basis to S$8.6 million from S$9.5 million.

Reported net income rose from the prior-year period to S$2.7 million, or 2 cents per share, from S$2.7 million, or 2 cents per share.

As of Jan. 28, US$1 was equivalent to S$1.43.