{"id":128340,"date":"2017-11-04T01:24:02","date_gmt":"2017-11-04T05:24:02","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=128340"},"modified":"2017-11-04T01:24:02","modified_gmt":"2017-11-04T05:24:02","slug":"ayala-owned-imis-profit-up-16","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2017\/11\/04\/ayala-owned-imis-profit-up-16\/","title":{"rendered":"Ayala-owned IMI\u2019s profit up 16%"},"content":{"rendered":"<figure id=\"attachment_11272\" aria-describedby=\"caption-attachment-11272\" style=\"width: 1920px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2014\/05\/Ayala-Makati.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-11272\" src=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2014\/05\/Ayala-Makati.jpg\" alt=\"FILE: Ayala Avenue is part of the Makati Central Business District (CBD). Photo courtesy of Philippine Commercial Properties.\" width=\"1920\" height=\"1080\" srcset=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2014\/05\/Ayala-Makati.jpg 1920w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2014\/05\/Ayala-Makati-300x168.jpg 300w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2014\/05\/Ayala-Makati-1024x576.jpg 1024w\" sizes=\"auto, (max-width: 1920px) 100vw, 1920px\" \/><\/a><figcaption id=\"caption-attachment-11272\" class=\"wp-caption-text\">FILE: Ayala Avenue is part of the Makati Central Business District (CBD). Photo courtesy of Philippine Commercial Properties.<\/figcaption><\/figure>\n<p>MANILA \u2014 Ayala-led Integrated Micro-Electronics Inc. (IMI) booked\u00a0 USD24.1 million net income in the first nine months this year, up 16 percent from USD 20.8 million during the same period last year.<\/p>\n<p>The income hike was bolstered by the positive effects of recent acquisitions and a rising demand in the automotive and industrial segments.<\/p>\n<p>\u201cWe are now in the forefront of taking electronics to the next level penetrating high reliability markets and moving forward to a more advanced automotive electrification and autonomous driving,\u201d said IMI chief executive officer Arthur Tan.<\/p>\n<p>Revenues from Philippine operations surged 4 percent to USD197.9 million, strengthened by new industrial applications despite drop in demand in the security and medical device business.<\/p>\n<p>Europe and Mexico operations rose 15 percent to USD263.4 million on increasing demand for automotive lighting, an innovative global megatrend for safety and performance.<\/p>\n<p>Ongoing expansions and new product introduction carried out in Mexico plant to support North America requirements also bolstered the group revenues.<\/p>\n<p>The company\u2019s China operations posted USD198.2 million in revenues, up slightly from last year, as a result of demand decline in the telecom infrastructure business, but offset by positive growth in automotive and industrial segments.<\/p>\n<p>The two recent acquisitions, VIA Optronics and STI International, contributed a combined USD136.2 million in revenues. (PNA)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MANILA \u2014 Ayala-led Integrated Micro-Electronics Inc. (IMI) booked\u00a0 USD24.1 million net income in the first nine months this year, up &hellip;<\/p>\n","protected":false},"author":33,"featured_media":11272,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[31136,31137],"class_list":["post-128340","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-ayala-led-integrated-micro-electronics-inc-imi","tag-imi-chief-executive-officer-arthur-tan","mauthors-leslie-gatpolintan","mauthors-philippine-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/128340","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=128340"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/128340\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/11272"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=128340"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=128340"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=128340"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}