FPCB Maker Flexium 1Q17 Profits Down 76%

Reading time ( words)

Flexible PCB maker Flexium Interconnected has reported net profits of NT$245 million ($8.12 million) for the first quarter of 2017, down by 76.1% quarter-on-quarter and 41.9% year-on-year, according to Digitimes.

The company suffered foreign exchange transaction losses of NT$303 million during the quarter, thereby affecting its profits, the company explained. Gross margin stood at 23% in the first quarter, a decline 0.6 percentage point from a quarter earlier and 1.1 percentage points from a year ago.


Suggested Items

Walt Custer’s Market Report

06/12/2017 | Barry Matties, I-Connect007
At the recent EIPC Conference, Walt Custer delivered his annual report detailing the trends he’s been seeing in the electronics industry for 2016 and into the first quarter of 2017. Barry Matties sat down with Walt to discuss his findings, including his forecast for the upcoming year. Also discussed are Walt’s prognosis for the market segments with the most promise and those that cause him concern.

Weiner’s World—April 2017

05/03/2017 | Gene Weiner, Weiner International Inc.
China’s economy accelerated for a second straight quarter as investment picked up, retail sales rebounded, and factory output accelerated in March. Gross domestic product increased 6.9% in the first quarter from a year earlier, compared with a 6.8% median estimate in a Bloomberg survey.

Weiner’s World

11/02/2016 | Gene Weiner, Weiner International Inc.
This year’s TPCA (Taiwan Printed Circuits Association) show held October 26–28 seemed to have lighter attendance than last year. Robots were on display everywhere, with lot of loaders and unloaders as well as the multi-axis, multipurpose types.

Copyright © 2017 I-Connect007. All rights reserved.