Eucon Holding posts lower 2Q net profit

Mainboard-listed Eucon Holding, the integrated PCB solutions provider in China and leading independent PCB laser driller in Taiwan, says the group reigistered lower net profit of $0.6 million for the three months ended 2011 (2Q11) compared $2.3 million for the second quarter ended 30 June 2011 (2Q10).

Revenue for 2Q11 came in at $28.2 million, a decrease of 11% from $31.6 million in 2Q10. PCB revenue improved by 1% from $21.2 million in 2Q10 to $21.5 million in 2Q11. Mechanical drilling and routing services dropped by 44% from $4.8 million in 2Q10 to $2.7 million in 2Q11. Laser drilling services dropped by 30% from $5.7 million in 2Q10 to $4.0 million in 2Q11.