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TPK reports 55.6% on-year increase in June revenues

Rodney Chan, DIGITIMES, Taipei
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Touch panel maker TPK Holding has reported consolidated revenues of NT$8.799 billion (US$292.44 million) for June 2017, representing a 23.7% increase on month and 55.6% increase on year.

The company has totaled NT$43.823 billion in year-to-date revenues, up 14.35% compared with the same time last year.

For the year of 2016, TPK totaled NT$89.216 billion in consolidated revenues, down 26.49% sequentially on year.

TPK Holding's first-quarter 2017 net EPS came to NT$1.78, with its non-operating profit for the quarter mainly coming from 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).

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.