‘HISTORICAL PATTERN’: Despite securing new orders for under-display fingerprint touch modules, revenue in the first quarter is expected to slump 40 to 50 percent

Taipei Times
Date: Mar 07, 2019
By: Lisa Wang  /  Staff reporter

General Interface Solution Holding Ltd (GIS, 業成), a supplier of touch modules for Apple Inc’s iPhones and iPads, posted net profit for last year that was nearly halved from a year earlier as lower-margin touch modules used in entry-level devices dragged down profitability.

Net profit last year plunged to NT$3.98 billion (US$129 million), compared with NT$6.95 billion in 2017, the company said in a financial statement submitted to the Taiwan Stock Exchange on Tuesday night.

Earnings per share dipped from NT$21.46 to NT$11.77, while gross margin shrank from 11.53 percent to 8.59 percent, it said.

In the fourth quarter of last year, GIS saw net profit sink almost 18 percent annually from about NT$2 billion to NT$1.64 billion.    [FULL  STORY]