Cirtek net income up by 19%

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.

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.

Laguna-based based semiconductor manufacturer Cirtek Holdings Philippines Corp. sees first quarter net profit and sales revenues rising by 10 percent year-on-year just on the strength of its existing business portfolio.
Laguna-based semiconductor firm Cirtek Holdings Philippines Corp. is poised to post record profits in 2013 as it prepares for more acquisitions and another major supply deal with a big client from the United States.

Taiwan Semiconductor Manufacturing Co., the world’s largest contract chip manufacturer, reported a 32 percent jump in profits in the final quarter last year, benefiting from increasing global sales of smartphones and tablet computers.

EXPORTS are forecast to rise in the months ahead on the back of increasing orders for semiconductors and electronics products from the Philippines, the Bangko Sentral ng Pilipinas said.

Ayala-led Integrated Micro-Electronics Inc., a leading provider of electronics manufacturing services and power semiconductor assembly and tests services around the world, is keen on expanding its business in Europe.
Ayala-led Integrated Micro-Electronics Inc. (IMI) has been retained as a “preferred supplier” by German industrial giant Robert Bosch GmbH.
Laguna-based semiconductor manufacturer Cirtek Holdings Philippines Corp. expects a 10-15 percent growth in both sales and net profit this year as overall business is seen picking up at a faster pace in the second semester.

Laguna-based semiconductor manufacturer Cirtek Holdings Philippines Corp. posted a 4 percent year-on-year growth in first-semester net profits to P76.68 million ($1.8 million) despite a challenging global environment.
MANILA, Philippines—Semiconductor manufacturer Cirtek Electronics Corp. has scaled down its planned initial public offering as it announced the timetable for selling shares to investors amid lingering volatility in local and international markets. In a memorandum filed with the Philippine Stock Exchange, the Laguna-based firm said that it was now planning to raise P295 million from [...]
Laguna-based semiconductor manufacturer Cirtek Electronics Corp. plans to debut on the Philippine Stock Exchange in the third quarter to raise funds for expansion. Cirtek, owned by Taiwanese-Filipino businessman Jerry Liu, who also leads the Figaro Coffee and Angel’s pizza chain, has assigned BDO Investment and Capital Corp. to arrange the initial public offering. In an [...]