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Eucon narrows net loss for Q3, holds cautious outlook
EUCON Holding, an integrated PCB solutions provider in China and Taiwan, reported on Thursday that it has narrowed its net loss for the third quarter ended Sept 30, 2014.
Net loss stood at S$832,000 for the third quarter, compared to S$2.01 million a year ago. Loss per share was at 0.15 Singapore cent, compared to loss per share of 0.35 cent a year ago.
Revenue fell 12 per cent to S$14.85 million, from S$16.89 million a year ago. This is due to a decrease in mechanical drilling and routing segment, which was partially offset by a slight increase in revenue for its printed circuit board (PCB) operations. China remained the key contributor to its revenue for 2014.
Eucon said its manufacturing line for embedded PCB production has begun production to fulfill orders received.
"Management will continue to remain cautious and conservative in its outlook, bearing in mind the renewed uncertainties in the global financial markets and signs of instabilities in many parts of the world,'' the company said.