caLogo
NEWARK, NY — EMS provider IEC Electronics Corp. reported third-quarter net profit rose 700% to $553,000, while sales jumped 110% to $11.2 million.
 
Fiscal year-to-date net profits are $579,000 on sales of $31.3 million. Both figures are up strongly over last year's revenue of $14.6 million and net loss of $137,000.

The company added 20 employees during the quarter, which ended June 29.  

In a statement, chairman and CEO W. Barry Gilbert said order backlogs are "reasonably higher" than the $21.7 million figure reported at the end of fiscal 2006. Growth came from existing acounts; IEC did not add any new customers during the quarter.

Submit to FacebookSubmit to Google PlusSubmit to TwitterSubmit to LinkedInPrint Article
Don't have an account yet? Register Now!

Sign in to your account