Multi-Fineline Electronix, Inc

Posted by admin on November 5, 2009 under Articles | 3 Comments to Read

WBL: MFLEX Reports Solid Financial Results For Full Year And Fourth Quarter Fiscal 2009. – Multi-Fineline Electronix, Inc. reported financial results for the fourth quarter and fiscal year ended September 30, 2009. Net sales in the fourth quarter of fiscal 2009 were $199.2 million, a 6.5 percent decrease from net sales of $213.1 million in the same period of the prior year. The decrease in net sales was primarily due to substantially lower sales to two customers, partially offset by significantly higher sales to one other major customer with new product launches. Net sales in the fourth quarter of fiscal 2009 grew 14 percent sequentially from $174.5 million in the third quarter of fiscal 2009 due primarily to higher sales of flex assemblies for smartphones and other consumer electronic devices that are experiencing strong marketplace demand…