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Nasdaq subsidiary of WBL Corp reverses into the red for Q1

Published on Feb 7, 2014 4:08 PM

A NASDAQ subsidiary of WBL Corporation has fallen into the red.

US-based Multi-Fineline Electronix, which provides flexible printed circuits and assemblies, today reported a first quarter net loss of US$9.3 million, or 39 US cents a share.

It chalked up a net income of US$8.3 million, or 35 US cents a a share in the same period last year.

Net sales for the three months ended Dec 31 fell by 27 per cent to US$211.7 million.

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