Polytronics Technology, which makes circuit protection components for handsets and PCs, saw its net profits for the first quarter of 2012 decrease 28% from a year ago. The firm attributed the drop to falling product ASPs and exchange rates.
Polytronics has announced consolidated revenues of NT$360 million (US$12.2 million) for the first quarter, up 3.7% on quarter and 1% on year. Net profits, however, saw declines of 15% sequentially and 28% on year to NT$60 million in the first quarter. EPS for the quarter came to NT$0.76.
Polytronics generated a 39.95% gross margin in the first quarter of 2012, compared with 44.59% in the prior quarter and 44.53% a year ealier.
Polytronics said that the visibility of orders for the second quarter remains low. However, the company holds an optimistic outlook for the third quarter as orders coming from the smartphone sector will pull in, it noted.
Polytronics reportedly has entered the supply chain of brand-name smartphone vendors including Samsung and HTC.
Article translated by Jessie Shen
