Flexium 2Q16 Profits Fell 70% YoY

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Flexible PCB maker Flexium Interconnect has reported disappointing results for the second quarter of 2016, with net profits falling over 70% both on-year and sequentially, according to Digitimes. Flexium posted consolidated revenues of NT$3.26 billion in the second quarter of 2016, down 7.9% on quarter and 17.5% from a year ago.

The company generated net profits of NT$103 million in the second quarter, down 75.6% on quarter and 71.3% from a year earlier.



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