Friday, November 22nd, 2024

Micro-Mechanics (Holdings) Ltd Reports 14% Net Profit Growth in 1QFY2025

Micro-Mechanics (Holdings) Ltd Reports 14% Net Profit Growth in 1QFY2025

Revenue: Increased to S$16.2 million, a YoY growth of 2.5%.
Net Profit: Rose by 14.0% YoY to S$3.1 million, with net profit margin at 18.9%.
Earnings Per Share (EPS): Increased to 2.21 cents, a 13.9% YoY improvement.
Gross Profit Margin: Increased to 50.7%, supported by cost optimization and improved product mix.

Operating Cash Flow: Positive cash flow of S$4.1 million, with free cash flow at S$2.8 million.

Balance Sheet Strength: Cash reserves stood at S$19.3 million, with zero bank borrowings.

Buy: The company’s upward growth in revenue, profitability, and its strong balance sheet make it a compelling investment. The firm’s proactive approach with the Five-Star Factory initiative indicates potential for sustainable, long-term growth.

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