News
MOSCOW – JSC Sitronics reported a 7.9% year-on-year gain in sales, to $605 million, but fell to a net loss of $46.1 million, from earnings of $24.3 million, for the period ended Dec. 31.
For the year, Sitronics reported revenues of $1.62 billion and a net loss of $233.9 million. Cash from operating activities rose $147.1 million for the year.
Sitronics makes telecommunications, IT and other electronics products, and suppliers EMS services.
Sitronics EMS reported sales of $69.3 million for the year. Last year, the company merged its Consumer Electronics and Electronics Manufacturing Services units.
Sitronics forecasted growth of more than 15% in 2008.
For the year, Sitronics reported revenues of $1.62 billion and a net loss of $233.9 million. Cash from operating activities rose $147.1 million for the year.
Sitronics makes telecommunications, IT and other electronics products, and suppliers EMS services.
Sitronics EMS reported sales of $69.3 million for the year. Last year, the company merged its Consumer Electronics and Electronics Manufacturing Services units.
Sitronics forecasted growth of more than 15% in 2008.
TAIPEI -- Wistron Corp. will buy Lite-On
Technology's monitor business for $300
million in cash, the company said Tuesday.
The deal covers inventory, equipment, IP and personnel, but no manufacturing plants.
Wistron said more acquisitions would be in the offing and the firm has plans to move some manufacturing to Vietnam.
SIEVI, FINLAND – EMS provider Scanfil reported first-quarter profits rose
16% from a year ago to 3.6 million euros despite a 4% drop in sales to 50
million euros. Operating profit rose 31% to 4.7 million euros.
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