Simclar Flips to Loss in Q4 PDF Print E-mail
Written by Mike Buetow   
Tuesday, 01 April 2008 05:08
HIALEAH, FL -- Simclar reported fourth-quarter losses of $64,088, on sales of $34.7 million, reversing a profit of $949,000 on $33.2 million in revenue last year.

For the year, the EMS company reported profits fell 17% to $2.4 million, despite a $20.4 million jump in revenue, to $136.4 million.


Simclar cited losses at its now-discontinued North Carolina operation. The site lost $2.1 million during 2007, leading the EMS company to close the plant this quarter transfer the business to Mexico.


 

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