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MFLEX Has Strong Second Quarter

May 7, 2008



Anaheim, Calif. – Multi-Fineline Electronix, Inc., reported record Q2 FY 08 net sales of USD 163.9 million, a 45 percent increase over Q2 FY 07. This increase is primarily due to increased sales to three of the company’s key customers. Net sales were down 11 percent from Q1 FY 08, but this sequential decline primarily resulted from a decrease in sales to a long-standing key customer of the company. Q2 FY 08 net income increased 240 percent to USD 10.4 million, or USD 0.41 per diluted share, compared to USD 3.1 million, or USD 0.12 per diluted share, for Q2 FY 07.



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