SFE Technologies Places Year’s Loss at $5 Million

SFE Technologies of San Fernando said it lost $5 million, or 80 cents a share, in the fiscal year ended Oct. 25, mostly because of the slowdown in the electronics industry. A year earlier, SFE reported profits of $3.8 million, or 59 cents a share.

The electronics firm, which makes multilayer ceramic capacitors used mostly in telecommunications, said it lost $2.4 million, or 38 cents a share, in the fourth quarter. A year earlier, the company lost $942,000, or 15 cents a share, in the quarter.

SFE’s sales fell 13% in the year, to $57 million, and dropped 20% in the quarter to $12.3 million.