SINGAPORE – Surface Mount Technology reported September quarter revenue of $146.8 million, and a loss of $1.3 million. In the June quarter, the EMS company reported a loss of $900,000.
For the six-month period ended Sept. 30, the group’s revenue was $314.5 million, up about 3.1% year-over-year. The firm reported a loss of $2.2 million for the period, compared to a profit of $5.6 million last year. The year-over-year revenue growth resulted mainly from higher demand for turnkey projects in consumer products, the company said.
“The world is experiencing an unprecedented financial and economic crisis. Market demand for export is softening. The global outlook is very uncertain. We are taking proactive measures to push for more China domestic sales and intensify our cost reduction efforts,” said Chan Kei Biu, chairman and senior managing director.
MACAO -- Nam Tai Electronics chief executive Masaaki Yasukawa tendered his
resignation, effective immediate, citing
family reasons. The company has named Wong Kuen Ling (Karene Wong) president
and acting chief executive.
Wong has been with the company since June 1989, and since 2007 has been chairman of NTEEP.
Nam Tai is the world's 20th largest EMS provider, but its revenues have plunged more than 20% this year through September.
MACAO – EMS provider Nam Tai Electronics reported third-quarter sales fell 21.5% to $160 million, while gross profits and net earnings both dropped more than 60% year-over-year.