Circuits Assembly Online Magazine - EMS Firm Simclar Sees Sales Jump

HIALEAH, FL -- Simclar Inc. reported fourth-quarter net income rose 394% to $949,000 on an 83.5% hike in sales to $33.2 million. The figures include the consolidated operations of Simclar and its subsidiaries, including acquisitions made during the year.

For the year ended Dec. 31, Simclar had net income of $2.9 million compared to $947,000 in 2005. Sales rose 90% to $116 million.

In a statement, chairman Sam Russell said growth has come from new and existing customers looking to consolidate their business with suppliers.