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GBM Maintains Margins in Q1 |
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Written by Philip Buonpastore
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Monday, 28 April 2008 |
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TAIWAN - Due to implemented cost controls and stable sales in the first quarter of 2008, PCB maker Global Brands Manufacture (GBM) maintained stable gross margins and reports optimistic sales for the remainder of 2008, according to industry reports.
While GBM saw first-quarter sales slip by 2% on year to $279.4 million, its gross and operating margins remained flat, the company reported. However, because of the appreciation of the Taiwan dollar, the company recorded an exchange loss of $4.1 million.
Industry reports indicate that GBM maintained steady margins despite rising component costs due to its large PCB product portfolio, which includes both PCB production and assembly.
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