IMI says $1-Billion revenue goal attainable

09 Dec

IMI is not closing its doors on the possibility of hitting its $1 billion revenue goal earlier set for 2016 at a faster pace.

“You can never say never,” said IMI president and CEO Arthur Tan when asked if the revenue target can be attained by next year.

The Ayala-led firm has earlier set a $1 billion revenue target by 2016 which it hopes to reach by serving more energy, mobility, power, healthcare, industrial and security firms.

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IMI’s consolidated revenues for the period ending September this year rose 19% to $650.1 million from $547.1 million a year ago.

It was able to generate $745 million in revenues by the end of last year.

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Posted by on December 9, 2014 in Corporate News, IMI, Stock Market


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