SMTC’s Q2 Revenue Up 54% PDF Print E-mail
Written by Chelsey Drysdale   
Thursday, 09 August 2012 16:19

TORONTO – Electronics manufacturer SMTC Corp. reported second-quarter revenue of $75.1 million, up 54% year-over-year.

Net income for the quarter was $2.8 million, compared to a loss of $1 million in the same period of 2011.

“Revenue for the quarter was at its highest level since the fourth quarter of 2006. Going forward into the second half of the year, we anticipate revenues to level off from significant first-half growth rates, but we expect to continue to achieve solid profitability coupled with improved free cash generation and debt reduction,” said co-CEO Claude Germain.

For the first half of 2012, the firm posted revenue of $147.6 million, up 40.3% year-over-year.

Net earnings for the first six months of the year were $5.2 million, compared to a net loss of $249,000 in the year-ago period.



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