OVERACHIEVER: GlobalWafers’ net profit skyrocketed 119 percent in the third quarter due to strong demand continuing to squeeze capacity, lifting its parent firm

Taipei Times
Date: Nov 15, 2018 – Page 12　
By: Lisa Wang  /  Staff reporter

Solar wafer manufacturer Sino-American Silicon Products Inc (SAS, 中美矽晶) yesterday said net profit last quarter grew 7.3 percent year-on-year to NT$826.72 million (US$26.73 million) after a silicon wafer manufacturing arm’s strong earnings helped it escape a solar industry slump.

Earnings per share rose from NT$1.34 to NT$1.42, company data showed.

Net profit shrank 16.29 percent from NT$987.65 million, or earnings per share of NT$1.7, in the second quarter, the data showed.

Gross margin last quarter climbed to 30.14 percent, from 21 percent a year earlier and 28 percent a quarter earlier, the data showed.    [FULL  STORY]