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Electronics Production | April 01, 2008

Simclar posts fourth quarter loss

Simclar announced a loss in the Q4/07 and that full-year earnings fell by 17%.
The EMS-provider said it lost $64,088 on revenue of $34.7 million in Q4/07 (Q4/06: + $949,000 on revenue of $33.2 million).

For 2007, Simclar earned $2.4 million on revenue of $136.4 million (PY:revenue of $116 million). The company also said that its facility in North Carolina incurred losses of $2.1 million in 2007. This particular facility was relocated to Mexico in Q4/07, Bizjournals reports.
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November 21 2018 9:45 pm V11.9.9-1