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E Ink posts strong revenue gains in 1Q11

MOPS, April 8
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Electrophoretic display (EPD) maker E Ink Holdings (EIH) has posted consolidated revenues of NT$3.36 billion (US$115.94 million) for March, up 18.3% sequentially and 79.6% on year.

For the first quarter of 2011, revenues reached NT$10.09 billion, increasing 101.2% from a year earlier. Both the monthly and quarterly figures were the company's highest records.

Strong marketing for the Kindle e-book readers by Amazon in Europe helped boost EIH's shipments of EPD products in March, according to a Chinese-language Commercial Times report.

Article translated by Steve Shen