UEL's Multi-Fineline expects 25% rise in Q1 net sales

Singapore

UNITED Engineers Limited's subsidiary Multi-Fineline Electronix (MFLEX) said it expects net sales in the first quarter of 2015 to be between US$145 and US$150 million, at the mid to high end of the company's guidance range of US$130 to US$160 million.

In a statement which UEL lodged on SGX on Friday, MFLEX noted that this sales figure represents an approximate 25 per cent increase from the prior year's figure of US$117.8 million.