Kinsus Net Profits Fall 82% in 1H17

Reading time ( words)

IC substrate maker Kinsus Interconnect Technology has reported net profits for the first half of 2017 declined 82.1% from a year earlier to NT$199 million ($6.6 million), according to a Digitimes report.

Kinsus posted consolidated revenues of NT$9.89 billion in the first half of 2017, down 11.3% on year, while gross margin fell 5.85pp from a year ago to 19.46%. The company generated operating profits of NT$186 million in the first half of 2017, with operating margin reaching 1.89% compared with 11.44% a year earlier.

Despite negative results in the first half of 2017, Kinsus is expected to see its revenues increase by 20-25% sequentially in the third quarter, driven by a pick-up in substrate demand for smartphones. Meanwhile, revenues generated from its new substrate-like PCB line have started to buoy the company’s revenues since July, according to Digitimes.


Suggested Items

Three New Mars2020 Rover Technologies: What Powers the “Body Parts” on the Mars2020 Rover?

03/15/2018 | Thy-An Tran, Pioneer Circuits Inc.
The Mars2020 Rover Mission, designed by JPL, is the next NASA Mars Exploration Program mission that is planned to launch in 2020. Some goals of the mission include to check for past signs of life, to help prepare for manned Mars missions, and to collect soil samples of Mars back to Earth.

Weiner’s World—December 2017

01/02/2018 | Gene Weiner, Weiner International Inc.
Hold on to your seats! 2018 will be a year full of rapid changes, surprises, and growth. M&A activities will flourish. The supply chain will suffer shortages and changes as demand increases, copycats will rush to market, and new markets and potential suppliers will vanish before they are established.

RTW HKPCA & IPC Show 2017: IPC Asia’s Philip Carmichael on the Changes in PCB Value Chain

12/07/2017 | Real Time with...HKPCA and IPC
During the 2017 International Printed Circuit & APEX South China Fair (HKPCA & IPC Show 2017) in Shenzhen, IPC Asia President Philip S. Carmichael speaks with I-Connect007 Managing Editor Stephen Las Marias about the move in the value chain that’s driving the electronics manufacturing industry forward.

Copyright © 2018 I-Connect007. All rights reserved.