FPCB Maker Ichia Reports Losses for 1Q17

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Flexible PCB maker Ichia Technologies has reported a net loss of NT$88 million ($2.896 million) for the first quarter of 2017, according to a Digitimes report. Losses incurred from foreign exchange transactions totaled NT$86 million in the first quarter, contributing to net losses in the quarter.

Looking forward, Ichia expects sales of FPCB products to the consumer electronics, optical communication device and automobile sectors to gain momentum starting in the sector quarter. According to Digitimes, the company posted revenues of NT$1.474 billion during the January-March period, up by 10.18% compared to the same period last year.


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