Taiflex Posts 36.5% Revenue Growth in 1Q 2021


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Taiwan-based Taiflex Scientific Co. Ltd, a provider of flexible circuit materials, has announced consolidated revenues of NT$772 million ($27.13 million at $1=NT$28.45) for March 2021, up by 18.4% year-on-year (YoY) and by 13.4% from the previous month.

For the first quarter of 2021, Taiflex’s total revenues reached NT$2.2 billion ($77.4 million), up by 36.5% compared to the same period last year.

The company’s Electronic Materials Industry (EM) division posted revenues of NT$758 million ($26.6 million), an increase of 15.3% from the previous month and 19.3% from last year—hitting a record high for the same period. Total sales for the first three months of the year reached NT$2.14 billion ($75.36 million), up by 37.7% YoY.

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