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Celestica reports wider 4th-qtr net loss

Tue Jan 30, 2007 8:24pm EST

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(In U.S. dollars unless noted)

SAN FRANCISCO, Jan 30 (Reuters) - Canadian contract electronics maker Celestica Inc. (CLS.TO) on Tuesday reported a higher fourth-quarter loss, weighed down by restructuring charges amid dwindling demand from large customers.

Celestica said its net loss rose to $60.8 million, or 27 cents per share, in the three months ended Dec. 31, from $28.2 million, or 12 cents per share, a year earlier.

Last month, Toronto-based Celestica slashed its revenue and earnings outlook, saying demand from several large customers had dropped and that inventory provisions had risen at a plant in Mexico.



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