UMS Holdings (SG:558) has released an update.
UMS Integration Limited has reported a 33% decrease in net profit for the third quarter, with revenue also falling by 9% compared to the same period last year. The decline is attributed to a significant reduction in raw material purchases and subcontractor charges, although finance income saw a notable increase. Despite these challenges, the company continues to navigate through the current financial landscape.
For further insights into SG:558 stock, check out TipRanks’ Stock Analysis page.