SMTC, an electronics manufacturing services provider, has reported increased revenue for the 2010 second quarter.
Revenue for the quarter increased quarter over quarter by 82 per cent to $71.2m and up sequentially by $9.8m or 16 per cent over the first quarter of 2010.
Net income for the quarter at $3.2m is $1.1m, or 52 per cent higher than the preceding quarter. For the second quarter of 2009, the company incurred a net loss of $3.4m.
Gross profit for the second quarter was $8.4m or 11.8 per cent of revenue compared with $6.4m or 10.4 per cent for the previous quarter and $4m or 10.2 per cent for the second quarter of 2009, and, according to the company, increased primarily due to the rise in revenue.