INQUIRER.net: Cirtek net income up by 19%

INQUIRER.net Philippine News for Filipinos

Cirtek net income up by 19% Apr 24th 2013, 22:47 MANILA, Philippines—Laguna-based semiconductor manufacturer Cirtek Holdings Philippines Corp. grew its first-quarter profit by 19 percent to $960,000 on improved margins and higher sales growth.   In a statement, Cirtek chief finance officer Anthony Buyawe said consolidated revenue for the quarter reached $10.1 million, or about 9 percent higher than the level in the same period last year.   "Consistent with our profit guidance at the start of the year, the company expects 10-12 percent growth from its current business. Sales and profit contribution from acquisition and major supply agreements will come on stream at the end of second quarter or in early third qu... Keep on reading: Cirtek net income up by 19% Media files: Cirtek.jpg (image/jpeg)

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