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Earnings of Integrated Micro-Electronics Inc. (IMI) of the Ayala conglomerate was weighed down by higher costs and lower utilization of its facilities in China in the first quarter, the company said.

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NORTH AMERICAN AND PHILIPPINE

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Ayala electronics unit earns less in Q1

By Neil Jdrome C. Morales | May 11, 2013 - 12:00am

Earnings of Integrated Micro-Electronics Inc. (IMI) of the Ayala conglomerate was weighed down by higher costs and lower utilization of its facilities in China in the first quarter, the company said.

Business