LOCKED DOWN: The company continues to see robust demand from tablets and notebooks aided by remote schooling and telecommuting, CEO Leo Hsieh said
Taipei Times
Date: Apr 30, 2020
By: Lisa Wang / Staff reporter
Virus Outbreak: TPK returns to profit on teleworking
LOCKED DOWN: The company continues to see robust demand from tablets and notebooks aided by remote schooling and telecommuting, CEO Leo Hsieh said
By Lisa Wang / Staff reporter
TPK Holding Co (宸鴻) last quarter swung back to profit from a loss in the previous quarter as remote learning and work-from-home practices boosted shipments of touch products for tablets and notebook computers in the slow season, the company said yesterday.
Net profit last quarter reached NT$40 million (US$1.34 million), compared with a loss of NT$98 million in the final quarter of last year, the firm said.
Last quarter’s profit nearly doubled from NT$24 million a year earlier, it added.
TPK chief executive Leo Hsieh poses for a photograph at the Touch Taiwan display show at the Nangang Exhibition Center in Taipei on Aug. 29 last year.
Photo: CNA
Net profit last quarter reached NT$40 million (US$1.34 million), compared with a loss of NT$98 million in the final quarter of last year, the firm said.
Last quarter’s profit nearly doubled from NT$24 million a year earlier, it added.
The supplier of touch sensors and modules attributed the results to “surprising” growth in shipments of laptops and tablets as more employees and students worldwide remain home for telecommuting and remote learning amid the COVID-19 pandemic. [FULL STORY]
