HELSINKI –
Incap Group reported 2008 revenues rose 13% to 93.9 million euros, but the net loss increased 390% to 5.4 million euros.
The operating loss was 3.6 million euros, lowered by 1.8 million in one-time charges related to restructurings.
It is not clear what percent of sales stem from contract electronics assembly services, but it is generally considered to be a large percentage of the overall revenue. The company's Incap Contract Manufacturing Services subsidiary, the former TVS Electronics, was acquired in June 2007.