Micro-Mechanics (Holdings) Ltd (SGX:5DD) reported an increase of 42.3% in its net profit for the quarter ended 30 September (1Q21). This improvement came as its quarterly revenue increased 18.3% to a record of S$18.1 million. Despite the pandemic, gross profit margin improved by 1.4% to 54.8% year-on-year, reflecting their competitive strength, customer-focuses and value of their work. To ensure that parts and tools used in the precision manufacturing process of semiconductors are flawless. Micro-Mechanics has also been working to automate operations around processes that are repeatable, scalable and cost-effective. This also includes digitalizing workflows for efficiency, mobility and remote working for both staff’s safety and work-life balance. Micro-Mechanics will be distributing a final dividend of 5 cents and a special dividend of 2 cents per share for its financial year ended 30 June 2020 (FY2020), bringing total dividend payment for FY2020 to 12 cents per share. As at 30 September 2020, Mico-Mechanics had total assets of S$76.8 million,...