PEAK SEASON: Net profit more than tripled to NT$228 million from NT$54 million in the second quarter, while revenue growth surpassed the company’s estimate

Taipei Times
Date: Nov 08, 2019
By: Lisa Wang  /  Staff reporter

Touch module and sensor supplier TPK Holding Co (宸鴻) yesterday reported that last quarter’s net profits were the best of the past seven quarters, thanks to strong sales of customers’ lower-priced smartphones during the annual peak season.

Net profit more than tripled to NT$228 million (US$7.5 million) last quarter from NT$54 million in the second quarter, a company financial statement showed.

On an annual basis, net profits increased 19.37 percent from NT$191 million. Earnings per share increased to NT$0.56 last quarter, from NT$0.13 a quarter earlier and NT$0.47 last year.

Revenue soared 40 percent sequentially to NT$40.05 billion, with the fastest growth coming from the company’s smartphone products at 75 percent.    [FULL  STORY]