Archive
- 2022
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- July (9)
- Cirtek Holdings acquires local tech company
- Cirtek Holdings to acquire Remec Broadband
- Cirtek buys tech manufacturing firm
- Cirtek acquires IT product maker
- Cirtek, Remec seal $10-M purchase seal
- Cirtek Electronics targets sales of $100 million
- Cirtek on track for $100-million sales
- Cirtek expects $100-m revenues
- Semiconductor maker Cirtek buys Remec Broadband Wireless
- February (2)
- January (3)
- July (9)
- 2013
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- 2011
- November (7)
- Cirtek unit partners with German firm
- Cirtek shares up sharply after listing debut
- Cirtek starts share offer today
- Cirtek shares up 13.57% on listing
- Telefunken taps Cirtek unit to supply power regulators
- Cirtek Holdings Philippine Corporation conducts maiden listing
- Cirtek takes in Telefunken of Germany as tech partner
- October (8)
- Cirtek drops BDO Capital as underwriter for IPO
- Cirtek to push through with IPO
- Semiconductor firm Cirtek still keen on P660-M IPO
- Cirtek bullish despite exports drop
- Company doubling plant’s chip capacity
- Cirtek to brave stock market next month for listing debut
- Cirtek expands reach in Europe, inks deal
- Electronics firm carves out niche in slumping market
- September (4)
- July (2)
- June (4)
- May (2)
- January (1)
- November (7)
- 2009
News & Updates
Cirtek registered net profit of $4.7m in ’13
Cirtek registered net profit of $4.7m in ’13
Cirtek Holdings Philippines Corp., a Laguna-based independent semiconductor assembly and test company, said it posted a net income of $4.7 million in 2013, up 7 percent from $4.4 million in 2012.
Cirtek said in a statement consolidated revenue in 2013 increased 8 percent to $44 million from $40.6 million in 2012.
Gross margin remained steady at 13 percent in 2013, as the company carried out comprehensive cost reduction measures to cope with the rise in raw material prices, power rates and salaries.
The company expects core business in 2014 to rise between 8 and 10 percent and revenues from new products and projects and potential acquisitions to contribute an additional 5 to 8 percent.
The company is currently exploring a joint venture with a major Japanese company for the production of LED back-lighting to be used in consumer electronic devices.
Cirtek is an independent complete solution provider for the subcontract manufacturing of semiconductor devices with 29 years of experience in the assembly and testing segment.
It provides turnkey solutions that include package design and development, wafer probing, wafer back grinding, assembly and packaging, final testing of semiconductor devices, and delivery and shipment to customers’ end users.
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