Cirtek Holdings Philippines Corporation Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 16, 2020 at 03:09 am EST
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Cirtek Holdings Philippines Corporation announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced sales was USD 17.232 million compared to USD 20.916 million a year ago. Net loss was USD 1.356 million compared to net income of USD 1.401 million a year ago. Basic loss per share from continuing operations was USD 0.0057 compared to basic earnings per share from continuing operations of USD 0.0009 a year ago. For the nine months, sales was USD 59.521 million compared to USD 69.560 million a year ago. Net income was USD 3.624 million compared to USD 3.687 million a year ago. Basic earnings per share from continuing operations was USD 0.0013 compared to USD 0.0015 a year ago.
Cirtek Holdings Philippines Corporation, through its subsidiaries, is engaged in the manufacture and sales of semiconductor packages as an independent subcontractor for outsourced semiconductor assembly, test and packaging services, and manufacture of integrated technology products. Its subsidiaries include Cirtek Electronics Corporation (CEC) and Cirtek Electronics International Corporation (CEIC). CEC 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 its customersâ end users. CEIC sells integrated circuits principally in the United States of America and assigns the production of the same to CEC. CEC offers products that go into various applications. CEC's product lines include protection products and voltage control oscillators. The protection products are designed to protect electronic devices from damaging voltage or current spikes.
CIRTEK HOLDINGS PHILIPPINES CORPORATION 
