SMT Holdings Reports Revenue Up, Profits Down PDF Print E-mail
Friday, 23 May 2008 08:59
SINGAPORE SMT Holdings Ltd. reported fourth-quarter revenue was $134.6 million, up 7.1% year-over-year.
 
For the three months ended March 31, the net loss was $3.8 million, the EMS company reported.
 
For the year ended March 31, the group’s revenue was $543.5 million, up 12.2% compared to the same period last year. Net profit was $680,000, down 94.3% year-over-year.
 
The year-over-year revenue growth resulted mainly from higher demand for turnkey projects in industrial control products, says SMT. The higher net operating loss in the quarter, compared to the prior quarter, was caused by a decrease in gross profit because of fewer customer orders in consigned component assembly work, particularly in the computer peripheral and telecommunication products segments; severe cold weather in southern and central China during January, which affected the supply chain; fewer working days as a result of the Chinese New Year holidays; the continued escalation of wages, energy and other operating costs, and cost increase as a result of continued appreciation of the Chinese currency against the dollar.
 
“Our fiscal 2008 performance was disappointing,” said chairman and senior managing director Chan Kei Biu. “Global economic growth is expected to be slow with many challenges and uncertainties ahead. We are moving forward with greater caution.” 
Last Updated on Tuesday, 27 May 2008 07:29
 

Columns

Eastern-US: China’s New Competitor?

Parity emerges among EMS Factories from Asia, Mexico and the US.

For the first time in years we see parity in the Eastern US among EMS factories from Asia, Mexico and the US. This EMS market condition will permit American OEMs (the EMS industry refers to OEMs as customers) to have more EMS pathways to choose from. Now more than ever, such EMS assignments will require deeper investigation relating to the OEMs’ evaluation of manufacturing strategies.

Read more...
 
The Human Touch

For those who count on the electronics industry for big feats, it’s been a remarkable couple of years.

Read more...
 

Features

Advances in Concentration Monitoring and Closed-Loop Control

Contaminated bath water skews refractive index results. New technology can accurately measure aqueous cleaning agent concentration.

Read more...
 
Circuits Disassembly: Materials Characterization and Failure Analysis

A systematic approach to nonconventional methods of encapsulant removal.

Read more...
 

Search

Search

Login

CB Login

Language

Language

English French German Italian Portuguese Russian Spanish
 

Products

Panasonic Debuts PanaCIM Maintenance with Augmented Reality
PanaCIM Maintenance with Augmented Reality software provides instant communication and information to factory technicians -- when and where it is needed -- so they can respond to factory needs more...