SMT Holdings Posts Q2 Revenue Up 34.3% YoY
SINGAPORE – Surface Mount Technology (Holdings) Ltd. posted revenue for the three months ended Sept. 30 of $25.07 million, up 34.3% year-over-year.
Profit attributable to shareholders was $258,000, down 51.2% compared to the same quarter last year.
On a sequential basis, revenue increased 8.7% to $25.07 million, mainly as a result of higher demand for industrial control products, the firm says.
Second-quarter net operating profit was nearly flat sequentially at $258,000.
For the six months ended Sept. 30, the group’s revenue increased 28.2% to $48.1 million, compared to the same period in 2012.
Profit attributable to shareholders for the six-month period was nearly $529,000 compared to a loss attributable to shareholders of more than $735,000 for the prior-year period.
