Eucon Holding, the integrated PCB solutions provider in China and PCB laser driller in Taiwan, reported net loss for the full year ended 31 December 2009 (FY09) widened to $13.1 million from $11.1 million in FY08.

Revenue for the full year fell 35% to $78 million from $119.6 million.

Eucon net loss was due to weak demand for electronics products as a result of global economic slowdown and reduced consumer spending, which impacted the group from 4Q08 to 2Q09. The increase in sales in 2H09 was also unable to cover the losses incurred in 1H09.

However, on a quarterly basis, group revenue improved by 21% from $19.6 million in 4Q08 to $23.7 million in 4Q09.

PCB operations accounted for 77% of Eucon’s revenue for FY09, or $60.4 million, although this was a 26% drop from $81.6 million in FY08.

However, PCB revenue improved by 13% from $15.9 million in 4Q08 to $18.0 million in 4Q09. The revenue growth was due to increasing orders from Original Equipment Manufacturer (OEM) customers as economy recovers.

Revenue from Mechanical Drilling and Routing services decreased by 53% from $17.5 million in FY08 to $8.3 million in FY09 although revenue increased from $2.1 million in 4Q08 to $2.4 million in 4Q09.

Revenue from Laser Drilling services decreased by 55% to $9.2 million in FY09 from $20.4 million in FY08 while revenue improved by 110% from $1.6 million in 4Q08 to $3.3 million in 4Q09.