Taiflex Net Profits Fall 15% in 3Q18

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Taiwan-based Taiflex Scientific, which supplies flexible copper-clad laminates (FCCL) and PV module backsheets, has reported a 15.2% year-on-year drop in its net profits for the third quarter of 2018 to NT$238 million ($7.7 million), according to Digitimes.

Taiflex attributed the profit decrease to falling revenues and losses generated by its PV backsheet business. Falling demand from China due to the government's new policy to reduce feed-in tariffs and limit subsidies has prompted the company to scale down the business.


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