Optical film maker Wah Hong has reported its February 2015 revenues reached NT$679 million, down 24.98% on month and down 18.05% on year.
The company said reduced working days in February coupled with the Lunar New Year influenced its performance. Customers were also concerned with clearing reserves.
Despite the decline, Wah Hong's ITO conductive film saw a 44% on-month increase in shipments due to increased orders from Korea-based customers and continuing orders from China and Taiwan customers.
Wah Hong added that it expects exponential growth each quarter throughout 2015.
Article translated by Alex Wolfgram