Touch panel maker TPK Holding has released its first-quarter 2017 financial report, recording net EPS of NT$1.78 (US$0.06). TPK posted handsome non-operating profit in the first quarter, mainly consisting of gains of NT$440 million from disposing of a factory site in northern Taiwan and NT$370 million from selling its stake in China-based subsidiary TES Touch Embedded Solutions (Xiamen).
Below 7-inch touch panels accounted for 44% of first-quarter consolidated revenues; 7- to below 11-inch 26%; 11- to below 16-inch 24%; 16-inch and above 4%' and others 2%.
TPK has set aside a capital expenditure budget of NT$4.5 billion for 2017, with 80% to be used to set up 3D touch production capacity.
TPK Holding: Financial report, 1Q17 (NT$m) | |||
Item | 1Q17 | Q/Q | Y/Y |
Consolidated revenues | 21,415 | (13.38%) | 0.83% |
Gross margin | 5.60% | 0.14pp | 0.93pp |
Net profit | 616 | 108.11% | 1085% |
Net EPS (NT$) | 1.78 | ||
Source: Company, compiled by Digitimes, May 2017
Article translated by Adam Hwang
