LAGUNA-BASED Cirtek Holdings Philippines Corp. said its income surged by half last year to $7.6 million (about P380 million), from the previous year’s $5.1 million (P254 million), partly as a result of the strong performance of its semiconductor business that won three major contracts during the period.
The company said it expects to further expand its semiconductor business with both current and new customers this year.
Through its subsidiary, Cirtek Business Technologies and Solutions, the company said it has begun to provide wireless-infrastructure solution to large enterprises using internally manufactured multigigabit, millimeter-wave backhaul equipment and high-capacity broadband wireless access technologies.
Among its current and potential clients are malls, condominiums, residential developments, educational institutions, and local telco and cable operator that require access and backhaul, where traditional access infrastructure are either not available or uneconomic to roll out, it said.
Last year the company had consolidated revenues at $74.3 million (P3.7 billion), a 25-percent increase, from $59.5 million (P2.96 billion) in 2015.
“The increase in revenue was due to the growth of the company’s semiconductor and antenna systems businesses. Semiconductor sales grew by 3 percent, while antenna systems contributed $19.3 million of total consolidated sales,” it said.
In March last year, Cirtek Advanced Technology and Solutions Inc. began commercial production of spectrum and space-efficient, base-station antennas. This segment of Cirtek’s business is expected to double in 2017, the company said.
The unit manufactures and ships microwave and millimeter-wave radio system products to over 30 customers globally. It is currently performing assembly and test design for several wireless infrastructure and microwave-solutions companies, which have high potential to be new customers.
Last year the company’s semiconductor business won three major contracts from three global semiconductor companies. Among the products to be manufactured by its unit include PTVS or power transient voltage suppressor devices, MEMS or microelectromechanical systems and protection devices.