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.