View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
May 15, 1988


By CBR Staff Writer

As the company warned last week (CI No 921), Crystalate Holdings Plc has announced a sharp fall in its mid-term profits (see Company Results, alongside). Crystalate, where Lord (Patrick) Jenkin is now chairman, blames the need for further rationalisation at its Besson subsidiary plus poor performance from two divisions for the poor figures. The company is confident of achieving a satisfactory profit at Besson but has decided to close the network manufacturing segment of its MicroCircuits division in Welwyn. This segment has been suffering serious financial difficulties – partly, the company says, due to defective materials from an outside supplier. It is also seeking a purchaser for its problem area, the flexible circuit boards manufacturing division. The cuts and closures led to a UKP3.4m extraordinary loss for the period.

Content from our partners
Unlocking growth through hybrid cloud: 5 key takeaways
How businesses can safeguard themselves on the cyber frontline
How hackers’ tactics are evolving in an increasingly complex landscape

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.