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HIALEAH, FL -- Simclar Inc., a contract electronics manufacturer, will restate its 2005 finances due to accounting errors in its Mexican operations.
The company stated that it is still investigating whether these errors will also affect its financial statements for the quarter ended March 31, 2006.
The company stated that it is still investigating whether these errors will also affect its financial statements for the quarter ended March 31, 2006.
SPOKANE, WA -- EMS provider Key Tronic reported fiscal fourth-quarter revenue of $52.5 million, up 13.1% sequentially and down 1.3% from the fiscal fourth quarter of 2005. Net income was $7.1 million, up from $917,000 sequentially and $2.8 million in Q4 2005.
For the fiscal year, revenue was $187.7 million, down 7.5%, and net income was up 55.2% to $9.8 million.
For the fiscal year, revenue was $187.7 million, down 7.5%, and net income was up 55.2% to $9.8 million.
Kortrijk, Belgium – IPTE has signed a Letter of Intent to perhaps acquire the EMS activities of Barco Manufacturing Services. The surface-mount division for sale has sites in Belgium and the Czech Republic and employs approx. 400 people. The group generated 60 million Euro in sales last year.
IPTE is looking to expand its Connect Systems activities, while Barco had previously announced a strategy to not invest further in subcontracting activity.
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