AEM Holdings' 1Q earnings double to S$8.2m on higher revenue

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SINGAPORE (April 25): AEM Holdings posted earnings of S$8.2 million for the quarter ended Mar, doubling from its 1Q17 earnings of S$4.1 million a year ago on higher revenue, mainly comprising contributions from its core business in equipment systems (ESS).

Revenue for the quarter grew 55.9% to S$65.7 million from S$42.1 million previously due to significantly higher revenue from ESS on increased equipment, pans and kit sales, which grew 58.5% to S$63.8 million a year ago.

Meanwhile, revenue from the group’s precision components (PCS) business remained stable at S$1.9 million over the quarter... (Click here to read the full story)