AT&S annual results for 2005/06 show a 13% increase in sales, and EBIT growth of 24%, dividend to be increased.

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Sales of EUR 375m and EBIT of over EUR 26m; ramp-up of its second Shanghai facility is to follow in August.
May 10, 2006 12:32 (evertiq)
AT&S, Europe and India's largest producer of printed circuit boards and one of the world's most successful suppliers to the mobile phone industry, posted sales of EUR 375m in 2005/06, a 13% increase. Operating profit (EBIT) for the year was up 24%, to about EUR 26m.

Net income for the year was EUR 28.3m, resulting in earnings per share of EUR 1.09. In 2005/06 AT&S's sales of printed circuit boards for mobile phones exceeded the 100 million mark for the first time in its history. This accounted for approximately 65% of total revenues.

In the 2006/07 financial year beginning in April, Management forecasts further revenue growth of somewhat more than 20%, to take sales to EUR 455m. This increase will be driven by the start of production in the second Shanghai plant, continuation of the boom in the mobile telephone market and growth of the Korean subsidiary, Tofic.