Jul 28, 2010

AIM swings into profit for Q2 on avionics recovery

By ANGELA TAN

Advanced Integrated Manufacturing Corp Ltd (AIM) reported on Wednesday a net profit of US$1.53 million for the second quarter ended June 30, 2010, compared to a net loss of US$2.21 million a year ago.

Revenue rose 132 per cent to US$14.96 million due to the recovery in the avionics sector and new contracts awarded.