Friday, July 25, 2008

Celestica reports Q2 profit

Toronto-based Celestica turned a loss into a profit in the second quarter, even though sales fell, the company said Thursday.

Profit for the three months ended June 30 was $39.8 million US (17 cents a diluted share), compared with a loss of $19.2 million (eight cents) a year earlier.

Revenue was $1.88 billion, compared with $1.94 billion.

Profit for the six months ended June 30 was $69.6 million (30 cents a diluted share), compared with a loss of $53.5 million (23 cents) a year earlier.

Revenue was $3.71 billion, compared with $3.78 billion.

Celestica stock closed up 22 cents at $8.63 in TSX trading.

For the third quarter ending Sept 30, the company is predicting revenue will be $1.9 billion to $2.1 billion, and adjusted share profit — excluding certain financial charges — of between 17 and 23 cents.

Adjusted profit was 17 cents in the second quarter.



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