PCB maker Tripod Technology has reported net profits of NT$3.573 billion (US$116.15 million) for 2016, increasing 26% from a year earlier. The earnings translated into an EPS of NT$6.80 for 2016, the highest level in five years.
Tripod's net earnings for the fourth quarter of 2016 came to NT$1.233 billion, the company's highest quarterly earnings in 26 quarters. The earnings translated into an EPS of NT$2.34 for the quarter.
The company ships the bulk of its HDI boards to a number of China-based smartphone makers, including Huawei, ZTE, Coolpad, Lenovo and Xiaomi Technology, according to a Chinese-language Economic Daily News (EDN) report.
Tripod currently has a total production capacity of 8.5 million square feet of PCB products a month, said the paper.
The company's stock price rose NT$0.60 to close at NT$84.50 on the Taiwan Stock Exchange during the February 22 session.
