Ichia sees profits increase sharply in 2Q14
Patty Wang, Taipei; Steve Shen, DIGITIMES [Thursday 17 July 2014]
Flexible PCB and chassis maker Ichia Technologies has reported pre-tax profits of NT$524 million (US$17.46 million) for the second quarter of 2014, up 98% sequentially and 180% on year. Net EPS for the first half of 2014 stood at NT$1.91.
Ichia also saw its gross margin improve to 19.5% in the second quarter compared to 15.6% of a quarter earlier.
To enhance its short-term operating funds, the company plans to issue NT$2 billion (US$66.67 million) worth of convertible bonds in the local financial market.
At the end of the first quarter of 2014, Ichia has short-term debts of NT$1.157 billion and term loans with maturity of below one-year at NT$731 million, while cash and cash equivalents on-hand totaled NT$2.063 billion, according to company data.
This entry passed through the Full-Text RSS service — if this is your content and you're reading it on someone else's site, please read the FAQ at fivefilters.org/content-only/faq.php#publishers.
留言列表
留言列表
