Global Testing posts 1Q net loss of US$1.8m

Global Testing Corporation, the company specialising in mixed signal and logic IC testing, reported a net loss of US$0.6 million ($736,000) for the three months ended 31 March 2011 (1Q2011) compared to a net profit of US$1.8 million recorded in 1Q2010.

Group revenue decreased 16.1% to US$11.4 million in 1Q2011 from US$13.6 million in 1Q2010 which saw a strong recovery in global demand and rush of orders from China.

Looking ahead, Global Testing remains cautious over the outlook for the semiconductor industry as its customers’ supply chains face potential disruption following Japan’s earthquake and tsunami in March.