The deal will accelerate its customer growth and also boost net profit over time.Micro-Mechanics Ltd
The group has a history of raising its dividends as the semiconductor industry enjoys a boom due to increased digital adoption.The World Semiconductor Trade Statistics projects that the global semiconductor market is poised to increase by 8.8% year on year, which should benefit MMH. For 9M2021, the dental group reported a 62% year on year jump in revenue while net profit more than doubled year on year to S$35.4 million.The group has been generous with dividends, paying out a special dividend of S$0.025 for FY2020 as well as a final dividend of S$0.005.
Revenue for the healthcare group climbed by 42.4% year on year to S$343.8 million for the first half of 2021 as RMG successfully pivoted its business to deal with vaccinations and polymerase chain reaction testing.
Source: News Formal (newsformal.com)
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