FCCL Maker Taiflex Sees Earnings Hit 4-year Low in 2016

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Flexible copper clad laminate (FCCL) maker Taiflex Scientific saw its net profits decline 20.6% year-on-year to NT$580 million ($18.86 million) in 2016, the lowest level in four years, according to a Digitimes report.

A loss of NT$216 million incurred from foreign exchange transactions, as well as a decline of 2.6pp in gross margin to 18.4% in 2016, contributed to the decreased earnings, the company said.

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