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Micro-Mechanics Fiscal Q4 Profit After Tax Surges 66%; Shares Up 4%

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Micro-Mechanics (SGX:5DD) profit after tax surged 66% in the fiscal fourth quarter ended June 30 to SG$5.3 million from SG$3.2 million a year earlier, according to a Wednesday filing with the Singapore Exchange.

Earnings per share came in at SG$0.0379 compared with SG$0.0229 in the year-ago period.

Revenue jumped 29% year over year to SG$21.6 million from SG$16.7 million.

The manufacturer of precision parts recommended a final dividend of SG$0.03 per share for the period, unchanged from the prior period. The dividend will be paid on Nov. 17.

Shares of the company were up over 4% in Thursday trading.

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