BALANCING ACT: The firm said about 70 to 80% of its electronic shelf label capacity for this year is booked by clients and it plans to convert its US factory to cope with demand
Date: Mar 29, 2019
By: Lisa Wang / Staff reporter
E-paper display supplier E Ink Holdings Inc (元太科技) yesterday posted 25.48 percent annual growth in net profit for last year, as demand for higher-margin e-paper for electronic shelf labels (ESL) offset sliding e-reader demand.
Net profit jumped to NT$2.61 billion (US$84.59 million) last year, compared with NT$2.08 billion in 2017. Earnings per share climbed to NT$2.32 from NT$1.85.
The company’s board of directors has approved a proposal to distribute a cash dividend of NT$2.1 per share, representing a payout ratio of 90.52 percent.
With strong ESL growth momentum extending into this year, E Ink said it was confident that revenue would regain growth momentum this year, after posting NT$14.21 billion last year — an annual contraction of 6.58 percent. [FULL STORY]