MALMO, SWEDEN – PartnerTech posted net sales in the first quarter of 2014 of SEK 548 million, down 1% year-over-year. The contract electronics manufacturer reported a post-tax loss of SEK 2 million, compared to profit after tax of SEK 2 million in the same period last year.
Operating profit was SEK 1 million, down 87.5% year-over-year.
The firm says their electronics segment continues to develop well despite a slow start in the US and China.
Ed.: SEK 1 = US$0.1518