TPK Holding Co., Ltd. Announces Earnings Results for the Second Quarter and First Half of 2014; Provides Earnings Guidance for the Third Quarter of 2014; Provides CapEx Guidance for the Year 2014
July 24, 2014 at 08:00 am EDT
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TPK Holding Co., Ltd. announced earnings results for the second quarter and first half of 2014. For the quarter, the company reported that revenue totaled TWD 30.7 billion, up 15% sequentially and down 5% year-on-year. Investment loss was TWD 448 million, mainly came from the loss in Cando Technology. And net income was TWD 343 million, translating to TWD 0.98 earnings per share in first quarter. Operating cash flow was around TWD 1.8 billion.
In the first half, CapEx amount to TWD 7.6 billion and earnings per share was TWD 1.37.
For the third quarter, the company expects, revenue in the month of July and August shall remain flattish compared with June levels, hovering at around TWD 10 billion level. It expects a more significant pick up starting from the month of September. And as such, the company expects revenues for the third quarter to grow 0% to 5% sequentially. On the other hand, profitability is still negatively affected by ASP erosion, lower yield rates of TOL products. It expects operating margin for the third quarter hovering around breakeven level.
For the full year, CapEx budget is still at TWD 15 billion.
TPK Holding Co Ltd is principally engaged in the research and development, manufacture and distribution of touch modules. The Company's main products are medium- and small-sized touch panels. Its products are applied in mobile phones, portable media players (PMPs), personal navigation devices (PNDs), handheld game consoles, tablet personal computers (PCs), electronic books and digital photo frames, among others. The Company is also engaged in indium tin oxide (ITO) glass business. The Company distributes its products primarily in the Americas, Asia and others.
TPK Holding Co., Ltd. Announces Earnings Results for the Second Quarter and First Half of 2014; Provides Earnings Guidance for the Third Quarter of 2014; Provides CapEx Guidance for the Year 2014