Since the firm ‘strengthened its corporate framework and focussed on production efficacy,’ AYALA-LED Integrated Micro-electronics, Inc. (IMI) reduced its net losses attributable to the parent company by USD 3,46 million.

This is an increase of roughly 55% from the net loss of 7.78 trillion dollars in 2019.

The President of IMI, Jaime Augusto Zobel de Ayala said at the annual shareholder meeting of the group, “Business output in the second half improved well, with global production demand returning to near pre-pandemic levels.

In the first half the enterprise suffered a net loss of around $21.5 million, followed by a positive profit for the second half of the year of around $18 million.

IMI CEO Arthur R. Tan has said that it is “a true testimony to IMI’s continued efforts to adapt rapidly in times of disturbance to businesses.”

The operating profit of IMI, however, fell by 5.8 percent from 106.22 million dollars to 96.34 million dollars ‘because of the lock-down sales drop.’

By 2020, revenue amounted to 1,14 billion dollars, down from 1,23 billion dollars by 9,2 percent.

Completely managed enterprises reported a turnover of 867 million dollars, which amounted to $490 million, while the manufacturing enterprise generated $262 million.

Total revenue was $269 million for subsidiaries of VIA Optronics AG and STI Ltd.

Via Optronics announced that in September Via a New York Stock Exchange listing received almost $100 million of gross revenue via an initial public offer.

“We see that this approach can also be extended to other subsidiary companies of IMI, including IMI, beyond Through Optronics,” said Mr. Tan.

Mr Tan added that after acknowledging “the upturning of technology companies with a very strong history in intellectual property, both in the production and in various sections of the technology plan, the group is pursuing more opportunities in listing in other exchanges, especially in the United States.”

“As we progressively drive into a new standard, we are continuing to improve our production capacities while maintaining alignment with the long-term agility, convergence and intelligent energy developments that are crucial for development and global competitiveness,” said Mr Zobel.

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