LUXEMBOURG -- Elcoteq, the world's sixth-largest EMS firm, reported March quarter revenues fell 48% to year-over-year to 470 million euros ($626.8 million).

The company's pretax loss grew to 50 million euros, up from a loss of 15 million euros last year.

The firm declined to give guidance, citing the current market conditions.

Ed.: 1 EUR = 1.33908 USD