Surface Mount Technology (Holdings) Ltd. - News
For the Financial Period Ended: 31-03-2011

The Board of Directors of Surface Mount Technology (Holdings) Limited (the "Company") and its subsidiaries (the "Group") deems it appropriate to provide guidance to shareholders that the Group expects to report an operating loss for the fourth quarter of FY2011 and the full year ended 31 March 2011. This will be the Group's third consecutive financial year of pre-tax losses.

The results for the fourth quarter of FY2011 and for the full year ended 31 March 2011 were adversely impacted by:-

1) Lower output due to shortage in materials and labour;

2) Substantial decrease in orders for LED backlights for our LCD-TV business; and

3) Allowance for inventories for end of life projects.

The Company will provide further details of its financial performance when the financial results for the fourth quarter and the full year of FY2011 ended 31 March 2011 are announced, which is expected in late May 2011.