Universal Microwave Technology, Inc.TPEX: 3491

UNIVERSAL MICROWAVE TECH: H1 2024 revenue grew 4.8% but net income dropped 24% amid margin pressure and subsidiary divestment

· Issued by Universal Microwave Technology, Inc.

Revenue for H1 2024 rose 4.8% year-over-year to NT$1,133.8 million, but net income fell 24% to NT$214.7 million as gross margin declined. The company disposed of a major subsidiary stake, increased capital via convertible bonds, and faces ongoing FX and credit risks.

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