News
HIALEAH, FL -- Simclar Inc., the world's 37th largest EMS company, reported June quarter sales rose 22% to $37.1 million on higher demand from existing and new customers. Net income nearly doubled, to $1.4 million, up from $709,033 in the same period in 2006.
Pre-tax income was $2.1 million, up from $1.3 million. Backlogs at quarter's end were $30.6 million, up 8.6% from the end of the first quarter.
In a press statement, chairman Sam Russell said, "We are beginning to realize the increased benefit of the vertical integration of our products. Our cash generation in the first half of the year has been good and has allowed us to make $1.5 million of additional bank loan repayments, over and above our scheduled repayments."
Pre-tax income was $2.1 million, up from $1.3 million. Backlogs at quarter's end were $30.6 million, up 8.6% from the end of the first quarter.
In a press statement, chairman Sam Russell said, "We are beginning to realize the increased benefit of the vertical integration of our products. Our cash generation in the first half of the year has been good and has allowed us to make $1.5 million of additional bank loan repayments, over and above our scheduled repayments."
SAN JOSE – SEMI today reported worldwide semiconductor manufacturing equipment billings reached $11.1 billion in the second quarter. The figure is up 3% sequentially, and about 15% year-over-year.
TAIPEI — Foxconn Electronics reported July non-consolidated revenues of $2.93 billion, up 2.6% sequentially and 39.5% year-over-year, on demand for consumer electronics, PCs and networking devices.
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