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Rcapital acquires aerospace and defence engineering business FGP Group, securing hundreds of jobs

Rcapital acquires aerospace and defence engineering business FGP Group, securing hundreds of jobs
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IMI losses balloon to $10 6 M

Integrated Micro-Electronics, Inc. (IMI) reported a net loss of $10.6 million in 2021, 66 percent more than its net loss of $6.4 million in 2020. In a disclosure to the Philippine Stock Exchange, the firm said the loss is “due to increased growth and technology-related investments in non wholly-own

IMI losses widen as expenses rise

Ayala-led Integrated Micro-Electronics Inc. (IMI) widened its losses to $10.56 million last year from the previous $3.55 million.  The company attributed the wider losses due to increased growth and technology-related investments in non-wholly owned subsidiaries, along with high raw material prices and elevated logistics expenses. Revenues rose 15 percent to…

IMI Posts US$1 3 Billion of Revenues in 2021 Despite Macroeconomic Headwinds

IMI Posts US$1 3 Billion of Revenues in 2021 Despite Macroeconomic Headwinds
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IMI trims losses in January-September as revenues rise by 23%

Ayala-led Integrated Micro-Electronics Inc. (IMI) said its losses in January to September narrowed to $5.32 million from last year’s $11.93 million, partly as a result of the recovery in its revenues. Revenues grew 23 percent to $972.97 million, from last year’s $788.62 million. For the third quarter alone, it still…

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