IMI 2018 Revenues Up 24% to $1.35B

Electronics manufacturing services (EMS) provider Integrated Micro-Electronics Inc. (PSE: IMI) brought 2018 to a close with consolidated revenues of $1.35 billion (PhP70.81 billion), an increase of 24 percent year-on-year. The company posted a net income of $45.5 million (PhP2.39 billion), 34 percent higher than the prior year including favorable non-operating items. Gross profit grew by […]
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IMI Manufactures KTM Bikes, Creates Jobs

Laguna, Philippines—(PHStocks)—Motorcycle production for Austrian motorcycle giant KTM AG is now in full swing at Integrated Micro-Electronics Inc. (PSE: IMI), Sta. Rosa, Laguna. IMI’s state-of-the-art manufacturing facility for KTM Asia Motorcycle Manufacturing Inc. (KAMMI) was inaugurated on June 6 in the company’s complex at Laguna Technopark. Related Articles:IMI Opens 21st Manufacturing Site in SerbiaAyala Net […]
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PSEi Breaches 8,000

Manila—(PHStocks)—Following a slight dip in the previous trading session, Philippine stocks recovered to close today’s market a little above the 8,000-point mark. The mainboard Philippine Stock Exchange index (PSEi) jumped by 1.19% or 93.72 points to close today’s session at 8,001.38. The wider All Shares index, meanwhile, went up by 0.94% to finish at 4,760.27. […]
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AC Industrials Acquires MT Misslbeck Technologies

Makati—(PHStocks)—AC Industrial Technology Holdings Inc., a wholly owned subsidiary of Ayala Corp. (PSE: AC), completed the signing and execution of the Share Purchase and Transfer Agreement through AC Industrials (Singapore) Pte Ltd (AC Industrials Singapore) to acquire 94.9% of MT Misslbeck Technologies GmbH in a transaction valued at €26.8 million total enterprise value. The closing […]
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