Cirtek Holdings Philippines Corp. reported consolidated earnings results for the six months ended June 30, 2013. Consolidated net sales for first half 2013 amounted to USD 21.4 million compared with USD 19.3 million for the same period in 2012. NIAT reached USD 2 million in first half 2013, up from USD 1.8 million for the same period in 2012.

The global semiconductor industry is forecast to grow between 4.5%-8% in 2013, to be driven largely by wireless applications, automotive industrial and consumer electronics. However, industry growth could be affected by challenging macro and market conditions. The company remains confident it can sustain its growth momentum and continue to outperform the industry. Cirtek's core business is forecast to grow by 10% in third quarter. Meanwhile, revenue from accretive business i.e. new projects and potential acquisitions, will contribute between 2% to 5% growth in third quarter. Nevertheless, the company will maintain strict cost control programs and minimize its capital expenditure for the remaining two quarters of 2013 to consolidate full year operating performance.