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Multi-Fineline Reports Revenue Up for Fiscal Q1 |
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Written by Philip Buonpastore
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Wednesday, 06 February 2008 |
ANAHEIM, CA - Multi-Fineline Electronix, also known as MFlex,
reported revenue for fiscal Q1 (ending December 31) of $184 million.
Revenue for the quarter was up 12.1% from a year earlier, and up 3.6% from the September quarter.
The improvement reflects “favorable
program mix changes, yield improvements, leveraging of fixed overhead
on the higher net sales and internal cost controls.”
For the March quarter, the company sees sequential sales declining, but still up substantially year-over-year.
The company also commented on the possible loss of business due to
severe winter weather in China. “As you know, China has recently
experienced snow storms that have resulted in power shortages and
potential supply shortages due to transportation problems,” President
and COO Reza Meshgin said. “Even though these events have not
significantly affected our quarter to date, it is possible that adverse
weather conditions could negatively affect our performance.” |
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