SINGAPORE – Surface Mount Technology (Holdings) Ltd. reported second-quarter revenue of HK$432.1 million, down 43.1% year-over-year.
The firm took a loss of HK$12.6 million, compared to a loss of HK$6.8 million in the same period last year.
For the six months ended Sept. 30, revenue was HK$867.4 million, down 47% compared to the same period in 2008.
For the period, the firm lost HK$29 million, compared to a loss of HK$11.6 million last year.
The business outlook remains positive with longer order forecasts extending into 2010, SMT says.
HK$1 = US$0.129
MANKATO, MN – Winland Electronics Inc. reported third-quarter net sales of $5.1 million, down 26.9% year-over-year.
The firm reported a net loss of $695,000, versus a net profit of $118,000 for the third quarter of 2008.
EMS segment sales for the quarter totaled $4.2 million, down 30.1% year-over-year.
The segment recorded an operating loss of $332,000 in the period, versus an operating profit of $553,000 in the same period last year.
Net sales for the nine months ended Sept. 30 were $18 million, down 13.8% compared to the same period in 2008.
EMS net sales totaled $15.6 million, down 14% year-over-year.
The company reported an operating loss of $1.3 million in the first nine months, versus $1.1 million last year.
Winland’s EMS segment reported operating income of $100,000, compared to operating income of $630,000 reported a year ago.
Winland Electronics designs and manufactures custom electronic control products and systems.
TAMPA, FL -- The US Department of Defense has awarded a multi-year, $200 million contract to Sypris Electronics to build RASKL electronic key fill devices.
SCHAFFHAUSEN, SWITZERLAND – Tyco International Ltd. reported fourth-quarter revenue of $4.4 billion, down 16% year-over-year.
Income from continuing operations for the quarter was $207 million, down 22% year-over-year.
For the full year, revenue of $17.2 billion declined 15% compared to 2008.
"Our operating results for the fourth quarter reflect good progress in reducing our overall cost structure, while we continue to invest in the future growth of our businesses," said Ed Breen, Tyco chairman and CEO. "We generated strong cash flow in the quarter, effectively managed our working capital, and we finished the year in strong financial condition."
TAIPEI – Foxconn Electronics (Hon Hai Precision Industry) reported unconsolidated revenues of $4.99 billion for October, up 8.49% sequentially.