Cirtek said its operating entities are on track to hit forecast revenue for 2017.
Cirtek/Released
Cirtek’s nine-month net sales jumps 26%
(philstar.com) - December 4, 2017 - 3:45pm

MANILA, Philippines — Cirtek Holdings Philippines Corp. posted a 26 percent year-on-year growth in net sales for the nine months ending September 30. Net sales rose to $67.9 million from $54 million for the same period last year.

The increase was mainly accounted for by the sales growth of the company’s antenna systems business under Cirtek Advanced Technologies and Solutions Inc., which doubled from the same period in 2016, accounting for 30 percent of the company’s revenue over nine months.

In addition, Quintel, a US-based antenna firm that supplies to telco giants AT&T and Verizon, which Cirtek purchased in August, accounted for the 12.6 percent of the company’s revenues from two months of sales. The company shared that it expects Quintel to double its full-year revenue in 2018 from 2017.

Cirtek said its operating entities are on track to hit forecast revenue of $100 million for 2017 before group consolidation.

READ MORE:

New year calls for diversifying in foreign exchange

Cirtek moves up the global technology value chain

Investors train sight on tech stocks

 

CIRTEK NET SALES
Philstar
Facebook
  • Latest
  • Trending
Latest
Are you sure you want to log out?
X
Login

Philstar.com is one of the most vibrant, opinionated, discerning communities of readers on cyberspace. With your meaningful insights, help shape the stories that can shape the country. Sign up now!

SIGN IN
or sign in with
Read and share the latest news
whenever and wherever you are.
Top Stories
Features the most relevant stories,
exclusive content, analyses and special reports.
As It Happens
Get bite-sized highlights and up-to-date
information as the news breaks.
Latest
View the most recent
stories of the day.
Log-in
Lorem ipsum dolor sit amet,
consectetur adipiscing elit.
Quisque justo est, auctor vel ullamcorper.
Log-in
Lorem ipsum dolor sit amet,
consectetur adipiscing elit.
Quisque justo est, auctor vel ullamcorper.
How to follow As It Happens stories
STEP 1
Click the story in the As it Happens section.
How to follow As It Happens stories
STEP 2
Click "Follow Story" for updates on the news.
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Aliquam eu metus vitae felis tincidunt finibus ut id sapien. Integer volutpat dui eu malesuada dignissim. Sed varius justo nulla, fringilla convallis sem porta sed.
How to follow Author
STEP 1
Click on the author's name in the article.
How to follow Author
STEP 2
Once you click on the author's name, you will be
brought to the Authors page. Click "Follow Author"
to stay updated on the author's works
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Aliquam eu metus vitae felis tincidunt finibus ut id sapien. Integer volutpat dui eu malesuada dignissim. Sed varius justo nulla, fringilla convallis sem porta sed.
How to follow Tags
STEP 1
Click on a tag in the article.
How to follow Tags
STEP 2
When you click on a tag, it will take you to the
dedicated tag page where you'll see the article
viewed, along with other stories with that tag.

Click the "follow tag" button to stay updated on
the topic.
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Aliquam eu metus vitae felis tincidunt finibus ut id sapien. Integer volutpat dui eu malesuada dignissim. Sed varius justo nulla, fringilla convallis sem porta sed.