News
SINGAPORE – Surface Mount Technology (Holdings) Ltd. reported second-quarter revenue of HK$432.1 million, down 43.1% year-over-year.
The firm took a loss of HK$12.6 million, compared to a loss of HK$6.8 million in the same period last year.
For the six months ended Sept. 30, revenue was HK$867.4 million, down 47% compared to the same period in 2008.
For the period, the firm lost HK$29 million, compared to a loss of HK$11.6 million last year.
The business outlook remains positive with longer order forecasts extending into 2010, SMT says.
HK$1 = US$0.129
MANKATO, MN – Winland Electronics Inc. reported third-quarter net sales of $5.1 million, down 26.9% year-over-year.
The firm reported a net loss of $695,000, versus a net profit of $118,000 for the third quarter of 2008.
EMS segment sales for the quarter totaled $4.2 million, down 30.1% year-over-year.
The segment recorded an operating loss of $332,000 in the period, versus an operating profit of $553,000 in the same period last year.
Net sales for the nine months ended Sept. 30 were $18 million, down 13.8% compared to the same period in 2008.
EMS net sales totaled $15.6 million, down 14% year-over-year.
The company reported an operating loss of $1.3 million in the first nine months, versus $1.1 million last year.
Winland’s EMS segment reported operating income of $100,000, compared to operating income of $630,000 reported a year ago.
Winland Electronics designs and manufactures custom electronic control products and systems.
TAMPA, FL -- The US Department of Defense has awarded a multi-year, $200 million contract to Sypris Electronics to build RASKL electronic key fill devices.
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