SINGAPORE – Surface Mount Technology Holdings’s revenue for the three months ended June 30 was S$26.1 million ($21 million), down 61.1% year-over-year.

Sequentially, revenue decreased 11.8% on lower consumer product demand, SMT says.

Industrial controls contributed 84% of total revenue for the fiscal first quarter of 2013, compared to 60% in the year-ago period.

Eighty percent of revenue was generated from European and the US, compared to 40% last year.

SMT sees softening demand in industrial and other product market segments in the next quarter.

SMT was once a Top 50 EMS company; however, sales have plummeted and the company recently underwent bankruptcy reorganization.

Ed: S$1 = US$0.803145

• Prev
• Next