COMPANY FORECAST: In the worst-case scenario, revenue could increase 42 percent annually, reaching NT$24.93 billion this quarter, which is traditionally the slow season
Taipei Times
Date: May 04, 2019
By: Lisa Wang / Staff reporter
TPK Holding Co (宸鴻), which counts Apple Inc as its top client, yesterday said resilient
TPK Holding Co president and chief executive officer Leo Hsieh poses for a photograph in Taipei yesterday.Photo: Chen Mei-ying, Taipei Times
demand for large tablets helped it eke out a profit last quarter and that growth momentum would continue to underpin revenue this quarter.
Revenue is expected to slide less this quarter — the traditional slow season — at between 15 and 20 percent from NT$31.16 million (US$1.01 million) last quarter, TPK chief strategic officer Freddie Liu (劉詩亮) told a teleconference.
Based on the forecast, revenue in the worst-case scenario could reach NT$24.93 billion this quarter, representing growth of 42 percent from NT$17.79 billion a year earlier.
“The second quarter is an awkward period, as [customers are] adjusting inventories, while new products will only hit the market probably after the third quarter,” Liu said [FULL STORY]