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Straits Times
4 days ago
- Business
- Straits Times
AEM net profit more than doubles to $3.1 million
Sign up now: Get ST's newsletters delivered to your inbox AEM chief executive Samer Kabbani said the company has developed the next generation of test technologies. SINGAPORE – AEM Holdings posted a 245 per cent increase in net profit to $3.1 million for the half-year ended June 30, from $895,000 the year before. Revenue for the period rose 10 per cent year on year to $190.3 million, up from $173.6 million previously. The semiconductor test-equipment maker said on Aug 13 that the increase was driven by a higher volume of sales to its anchor customer, as well as the pull-in of orders from other clients. The revenue figure is in line with its revised guidance for the first half of the financial year, which was raised to between $185 million and $195 million, from an earlier forecast of $155 million to $170 million. The stronger bottom line is the result of the absence of one-off losses of the year before, when other expenses in the first half of Financial Year 2024 included a $2.3 million loss on the disposal of an associate. Gross profit for the first half of FY2025 rose 11 per cent to $48.3 million, from $43.4 million a year ago. Revenue for its test-cell solutions segment rose to $118.6 million, up 18.8 per cent from a year ago. Top stories Swipe. Select. Stay informed. Singapore 2 dead after fire in Jalan Bukit Merah flat, about 60 evacuated Singapore ST Explains: How the SAF's drone push for recruits reflects new battlefield realities Singapore HSA seeks Kpod investigators to arrest abusers, conduct anti-trafficking ops Opinion The 30s are heavy: Understanding suicide among Singapore's young adults Singapore Lawyer who sent misleading letters to 22 doctors fails in bid to quash $18,000 penalty Singapore Jail, caning for recalcitrant drug offender who assaulted 2 cops with stun device Singapore 4 taken to hospital after accident near Sports Hub, including 2 rescued with hydraulic tools Singapore SG60: Many hands behind Singapore's success story AEM said that the higher revenue was due to the successful production deployment of the group's semiconductor tester solution, AMPS-BI, together with pull-in of orders into the first half-year. However, contract manufacturing revenue declined by 4.7 per cent to $67 million for the first half of 2025, due to reduced demand from some end customers amid global trade uncertainties. The group generated an operating cash flow of $46.4 million in the first half-year, largely from the consumption of inventories. Earnings per share for the period rose to $0.0098 per share, from $0.0029 a year earlier. For the second half of this year, the group forecasts revenue to be in the range of $170 million to $190 million, broadly in line with the first-half revenue. This range reflects anticipated growth in the shipment of its AMPS-BI in the fourth quarter, although this may be partially offset by the timing of certain orders and potential foreign-exchange fluctuations, said the group. AEM's recently-appointed chief executive, Mr Samer Kabbani, said that the company has developed the next generation of test technologies, creating a strong foundation for the next phase of AEM's journey. He said: 'We are near the stage of our technology road map and customer engagements where these innovations are ready to scale into high-volume production. We remain engaged with our customers to ensure our solutions address their most critical challenges as we enter this exciting phase of execution and expansion.'
The Print
30-04-2025
- Business
- The Print
Piyush Goyal meets UK leaders, calls it a 'fruitful exchange' to boost economic ties
The leaders engaged in productive discussions focused on deepening India-UK economic cooperation and strengthening the longstanding partnership between the two nations. New Delhi [India], April 30 (ANI): In a significant step toward strengthening bilateral relations, Commerce and Industry Minister Piyush Goyal met with UK Chancellor of the Exchequer Rachel Reeves and Secretary of State for Business and Trade Jonathan Reynolds. In a post on microblogging site X, Union Minister Piyush Goyal said, 'It was a pleasure to meet @RachelReevesMP, Chancellor of the Exchequer, along with @JReynoldsMP, Secretary of State for Business and Trade, UK. Had a fruitful exchange on advancing India-UK economic ties and further building on our strong partnership.' Earlier, in February, Prime Minister Narendra Modi and Prime Minister Keir Starmer of the United Kingdom met on the sidelines of the G-20 Summit in New Delhi, India, to underline the importance of resuming trade negotiations at an early date. India and the United Kingdom have resumed negotiations towards a trade deal between our two countries. The announcement was made by Minister for Commerce and Industry Piyush Goyal and Secretary of State for the Department for Business and Trade of the United Kingdom the Jonathan Reynolds who is in Delhi. India and the United Kingdom have a close partnership, built through collaboration on security and defence, new and emerging technologies, climate, health, education, research and innovation, green finance and people-to-people contacts. 'At the centre of this relationship is the collective aspiration to deliver economic growth and sustainable development,' the Ministry of Commerce and Industry had said in its statement after the resumption of the trade talks. According to the official data of Commerce and Industry Ministry, from April to September 2024, India's exports to the UK witnessed a robust growth of 12.38 per cent, reaching USD 7.32 billion, compared to USD 6.51 billion during the same period in 2023. India's trade relationship with the United Kingdom continues to grow steadily, showcasing immense potential for deeper collaboration and strategic engagement. Mineral fuels, machinery, and precious stones, pharmaceuticals, apparels, iron and steel and chemicals lead India's export basket to the UK, contributing a 68.72 per cent share of total exports. The Ministry says that the UK is a priority country for the achievement of our ambitious USD 1 trillion export target by Financial Year 2030 (FY30), with exports to the UK expected to reach USD 30 billion by 2029-30. (ANI) This report is auto-generated from ANI news service. ThePrint holds no responsibility for its content.
Times of Oman
30-04-2025
- Business
- Times of Oman
Piyush Goyal meets UK leaders, calls it a "fruitful exchange" to boost economic ties
New Delhi: In a significant step toward strengthening bilateral relations, Commerce and Industry Minister Piyush Goyal met with UK Chancellor of the Exchequer Rachel Reeves and Secretary of State for Business and Trade Jonathan Reynolds. The leaders engaged in productive discussions focused on deepening India-UK economic cooperation and strengthening the longstanding partnership between the two nations. In a post on microblogging site X, Union Minister Piyush Goyal said, "It was a pleasure to meet @RachelReevesMP, Chancellor of the Exchequer, along with @JReynoldsMP, Secretary of State for Business and Trade, UK. Had a fruitful exchange on advancing India-UK economic ties and further building on our strong partnership." Earlier, in February, Prime Minister Narendra Modi and Prime Minister Keir Starmer of the United Kingdom met on the sidelines of the G-20 Summit in New Delhi, India, to underline the importance of resuming trade negotiations at an early date. India and the United Kingdom have resumed negotiations towards a trade deal between our two countries. The announcement was made by Minister for Commerce and Industry Piyush Goyal and Secretary of State for the Department for Business and Trade of the United Kingdom the Jonathan Reynolds who is in Delhi. India and the United Kingdom have a close partnership, built through collaboration on security and defence, new and emerging technologies, climate, health, education, research and innovation, green finance and people-to-people contacts. "At the centre of this relationship is the collective aspiration to deliver economic growth and sustainable development," the Ministry of Commerce and Industry had said in its statement after the resumption of the trade talks. According to the official data of Commerce and Industry Ministry, from April to September 2024, India's exports to the UK witnessed a robust growth of 12.38 per cent, reaching USD 7.32 billion, compared to USD 6.51 billion during the same period in 2023. India's trade relationship with the United Kingdom continues to grow steadily, showcasing immense potential for deeper collaboration and strategic engagement. Mineral fuels, machinery, and precious stones, pharmaceuticals, apparels, iron and steel and chemicals lead India's export basket to the UK, contributing a 68.72 per cent share of total exports. The Ministry says that the UK is a priority country for the achievement of our ambitious USD 1 trillion export target by Financial Year 2030 (FY30), with exports to the UK expected to reach USD 30 billion by 2029-30.
Time of India
30-04-2025
- Business
- Time of India
Union minister Piyush Goyal meets UK leaders, calls it a 'fruitful exchange' to boost economic ties
In a significant step toward strengthening bilateral relations, Commerce and Industry Minister Piyush Goyal met with UK Chancellor of the Exchequer Rachel Reeves and Secretary of State for Business and Trade Jonathan Reynolds . #Pahalgam Terrorist Attack The groundwork before India mounts a strike at Pakistan India considers closing airspace to Pakistani carriers amid rising tensions Cold Start: India's answer to Pakistan's nuclear threats The leaders engaged in productive discussions focused on deepening India-UK economic cooperation and strengthening the longstanding partnership between the two nations. In a post on microblogging site X, Union Minister Piyush Goyal said, "It was a pleasure to meet @RachelReevesMP, Chancellor of the Exchequer, along with @JReynoldsMP, Secretary of State for Business and Trade, UK. Had a fruitful exchange on advancing India-UK economic ties and further building on our strong partnership." Earlier, in February, Prime Minister Narendra Modi and Prime Minister Keir Starmer of the United Kingdom met on the sidelines of the G-20 Summit in New Delhi, India, to underline the importance of resuming trade negotiations at an early date. India and the United Kingdom have resumed negotiations towards a trade deal between our two countries. Live Events The announcement was made by Minister for Commerce and Industry Piyush Goyal and Secretary of State for the Department for Business and Trade of the United Kingdom the Jonathan Reynolds who is in Delhi. Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories India and the United Kingdom have a close partnership, built through collaboration on security and defence, new and emerging technologies, climate, health, education, research and innovation, green finance and people-to-people contacts. "At the centre of this relationship is the collective aspiration to deliver economic growth and sustainable development," the Ministry of Commerce and Industry had said in its statement after the resumption of the trade talks. According to the official data of Commerce and Industry Ministry, from April to September 2024, India's exports to the UK witnessed a robust growth of 12.38 per cent, reaching USD 7.32 billion, compared to USD 6.51 billion during the same period in 2023. India's trade relationship with the United Kingdom continues to grow steadily, showcasing immense potential for deeper collaboration and strategic engagement. Mineral fuels, machinery, and precious stones, pharmaceuticals, apparels, iron and steel and chemicals lead India's export basket to the UK, contributing a 68.72 per cent share of total exports. The Ministry says that the UK is a priority country for the achievement of our ambitious USD 1 trillion export target by Financial Year 2030 (FY30), with exports to the UK expected to reach USD 30 billion by 2029-30.
Economic Times
22-04-2025
- Business
- Economic Times
Yearly Horoscope - Aquarius (FY 2025-2026): Creative and intellectual pursuits shine; manage health and expenses wisely
ET Online This year ignites creativity, romance, and personal expression. Your identity gets a makeover. It is also crucial to monitor your health and spending habits. The Financial Year Prediction is written by Reputed astrologer, Anand Sagar Pathak of The basis of the predictions is transits of major planets like Jupiter, Saturn, Rahu and Ketu during the is a year to live your life on your terms. Saturn will be transiting from the Pisces sign, rising from the Second House, from March 29, 2025. The focus turns to finances, values and communication. It is a time for strategic savings. You should refine how you express yourself. You need to be more result-oriented. This can increase your self-worth. Then, on May 14, Jupiter will be transiting from the Gemini sign rising in the Fifth House. The focus shifts to your creativity and intellect. It can also give you the potential for speculative success. You might pursue new studies and invest in creative projects. You can find joy in sharing your knowledge. From October 18, Jupiter will be transiting from the Cancer sign, rising from the Sixth House. This can shift your attention toward work routines. You can focus more on wellness and Rahu will be transiting from your sign on May 18. This can add an electric charge to your personality and self-image. You will attract attention. You can also feel a stronger push to stand out. At the same time, Ketu will be transiting from your Seventh House. This can initiate subtle shifts in how you relate to others. You should let go of outdated partnerships. You can face problems or difficulties in your partnerships. This year, your career can be charged with self-initiative. You can do well because of your creativity. Rahu will be transiting from your Lagna rising in the First House. You are likely to feel bolder and more experimental. You may also be willing to take calculated risks. You might step into leadership roles. You can be a pioneer of your venture. You should keep your ego in check. You should make decisions with clarity and not will be transiting from the Second House. This calls for disciplined communication and steady earning habits. You should be careful in your speech and values. It can have a deep impact on your profession. It can also affect negotiations. It is crucial if your work involves public presence, writing and May to October, Jupiter will be transiting from the Fifth House. This supports people in creative, educational or media-related fields. This is a perfect time to launch projects. You can also pitch bold ideas. However, you shouldn't tempo increases in October as Jupiter transits to your Sixth House. You should focus on resolving workplace tensions. You can focus on upgrading your systems. You should manage your health along with your professional duties. If you are in a service-oriented field, your rewards can be significant, However, discipline is the will transit into the Seventh House. Partnerships may require more attention. Some business alliances could fade or change. You should tread carefully in contracts and the year can be considered promising. However, you need to exercise due prudence while investing. Jupiter will be transiting from the Fifth House from May 2025 to October 2025. This can support ventures connected with creativity, education and children's welfare. Speculative investments may also perform well. However, you need to research thoroughly and avoid emotional will retrograde into the Fifth House in December 2025. You should hold off on high-risk investments. You should reassess your portfolio. You should also delay your new financial moves till things remain October 2025, Jupiter will be transiting from your Sixth House. Your focus may shift to more grounded investments. You may put your money in health insurance and debt management. You can also invest in wellness-related ventures. These can provide stable should avoid financial partnerships while Ketu transits from your Seventh House. Misunderstandings or hidden agendas are possible. You should prioritise full transparency and take legal safeguards in all your deals. Your financial life in 2025–2026 calls for structure and patience. Saturn in your Second House demands that you make a budget for your expenses. You should focus on building wealth slowly but surely. Quick wins are for the short term. Solid planning is necessary for the long term. Rahu in your First House is excellent for independence and financial success. You may also be tempted towards risky moves. You should balance this hunger with Saturn's wisdom. You should focus on the long-term Jupiter transits into your Sixth House in October, your expenses may rise. Your cost of health, loans and essential services may increase. You should set aside an emergency fund. You should also avoid piling on new debt. Health-related investments can also be will be retrograde from 11th November 2025 to 11th March 2026. You may feel frustrated by delays in returns. There can also be a lack of clarity around financial decisions. Use this time to fine-tune your budget. You can also review your insurance. You can also focus on stabilising your recurring expenses. Growth is on the table this year. However, it comes with its share of learning curves. Saturn in the Second House may create temporary slowdowns in earnings. You may also have to speak with greater accountability. You should avoid impulsive spending. You should keep your communication grounded and respectful. Rahu in your Lagna enhances your aura and confidence. It may also cloud your judgment with ego. You can also be overly impatient. You need to stay authentic and humble if you face the public in the Seventh House can cause emotional distance or misalignment in partnerships. You may need to release outdated dynamics. You should also redefine how you relate to your will be retrograde in the Fifth House from December 2025 onwards. This can dim creative clarity. You may also regret making speculative decisions. You should pause new ventures during this concerns may intensify from October onward. You should pay attention to stress, digestion and immunity. Daily routines, mindfulness and medical checkups can and Remedies:This year invites you to mature emotionally. You should express yourself creatively. You should take ownership of your path. Rahu in your sign makes you magnetic. You will also need Saturn's discipline and Jupiter's wisdom to harness that power responsibly. You should focus on financial security early in the year. You should prioritise your health in the latter half. You should be mindful of relationships throughout. Chant the Shani Gayatri Mantra or recite the Hanuman Chalisa regularly. Offer black sesame seeds and mustard oil to Shani Dev on Saturdays. Donate dark blue or black clothes to those in need, especially on Saturdays. Wear an amethyst or blue sapphire (Neelam). But, only after expert astrological consultation. Disclaimer Statement: This content is authored by a 3rd party. The views expressed here are that of the respective authors/ entities and do not represent the views of Economic Times (ET). ET does not guarantee, vouch for or endorse any of its contents nor is responsible for them in any manner whatsoever. Please take all steps necessary to ascertain that any information and content provided is correct, updated, and verified. ET hereby disclaims any and all warranties, express or implied, relating to the report and any content therein.
