SMT Holdings Reports Q3 Revenue Up 19.6% PDF Print E-mail
Monday, 04 February 2008 05:44
SINGAPORESurface Mount Technology Holdings reported third-quarter revenue was HK$755.6 million, up 19.6% year-over-year. Net loss was HK$3.3 million, down from a profit of HK$10.2 million a year ago.

EBITDA fell to HK$37.2 million from HK$48.7 million last year.
 
The growth resulted mainly from higher demand for turnkey projects in industrial control products, SMT says. Industrial controls made up 38% of revenue for the period. Revenues from computer peripherals, automotive electronics, and consumer electronics were 21%, 20% and 12%, respectively. Telecommunications was flat at 3%.

By region, Japan made up about 46% of sales, Korea 22%, Europe and the U.S. 23% (up 7 points) and rest of Asia 9%. Samsung, Clarion, Sony, Daikin and LG are the company’s top five customers, making up 53% of overall sales.

The outlook for 2008 is cautious with the business climate becoming more uncertain, SMT says. Customers are forecasting stable orders in the first half and increased demand in the second half. The company says it will benefit from demand for LCD TVs in 2008.

Production in the company’s second factory in Suzhou is expected to commence next quarter, while the Tianjin factory is on course to be operational in the second half of 2008.

Four SMT lines were installed during the third quarter, bringing the company’s total to 152. 

US $1 = HK $7.80
Last Updated on Monday, 04 February 2008 05:48
 

Columns

Eastern-US: China’s New Competitor?

Parity emerges among EMS Factories from Asia, Mexico and the US.

For the first time in years we see parity in the Eastern US among EMS factories from Asia, Mexico and the US. This EMS market condition will permit American OEMs (the EMS industry refers to OEMs as customers) to have more EMS pathways to choose from. Now more than ever, such EMS assignments will require deeper investigation relating to the OEMs’ evaluation of manufacturing strategies.

Read more...
 
The Human Touch

For those who count on the electronics industry for big feats, it’s been a remarkable couple of years.

Read more...
 

Features

Advances in Concentration Monitoring and Closed-Loop Control

Contaminated bath water skews refractive index results. New technology can accurately measure aqueous cleaning agent concentration.

Read more...
 
Circuits Disassembly: Materials Characterization and Failure Analysis

A systematic approach to nonconventional methods of encapsulant removal.

Read more...
 

Search

Search

Login

CB Login

Language

Language

English French German Italian Portuguese Russian Spanish
 

Products

Panasonic Debuts PanaCIM Maintenance with Augmented Reality
PanaCIM Maintenance with Augmented Reality software provides instant communication and information to factory technicians -- when and where it is needed -- so they can respond to factory needs more...