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Apr 20, 2016 @ 9:10

Cirtek Holdings expects 35% increase in sales as it expands product line


CIRTEK Holdings Philippines Corp. expects sales growth to accelerate this year, as it seeks to expand its customer base with the introduction of new products.

The Laguna-based technology firm saw a 35% uptick in core earnings, excluding non-recurring terms, to $5.1 million last year from $3.8 million in 2014, Cirtek said in a statement on Tuesday.

Consolidated revenues jumped 15% year-on-year to $59.6 million from $51.8 million, buoyed by the 5% increase in semiconductor sales and the 46% rise in sales from radio frequency, microwave and millimeter wave products.

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