IMI reports lower Q1 loss of $745K

By Ed Paolo Salting

May 03, 2023 12:28 am

AYALA-LED Integrated Micro-Electronics Inc. managed to trim its losses to $749,000 in the first quarter of 2023 from $2 million a year earlier.

Although the manufacturing industry was still feeling the effects of a component shortage, modest improvements in lead times and purchase price variances contributed to bottomline improvement, IMI said.

Already have an active account? Log in here to continue reading.
Or
Subscribe to the Premium Subscription plan to access this subscriber-exclusive article.

Related Articles

PLDT Jan-Sept net edges up to P28.1B

San Miguel income lifted by strong sales

SM Prime 9-month profit up 12% to P34B

Globe set to reduce 2025 capex to below $1B

Metro Pacific acquires 27th hospital

Dito Tel to invest P9B for network expansion

Weak game earnings weigh on Belle profit