Circuits Assembly Online Magazine - SMT Reports Q2 Revenue up 7% YoY

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HONG KONG – Surface Mount Technology (Holdings) LTD. reported second-quarter revenue of HK $758,436, up 7% year-over-year.

Year-to-date revenue, ended Sept. 30, was HK $1.58 million, up 11.5% compared to the same period in 2006.

Gross profit for the second quarter was HK $108,773, an increase of 4.7% year-over-year, while gross profit in the first half of the year was HK $214,599, up 3.9%, the company said.

SMT said the growth in gross profit is lower than revenue growth mainly as a result of higher cost of sales resulting from higher raw material prices, wages, energy cost and depreciation charges.

US $1 = HK $7.7851