Co-Tech Copper Foil Corporation Announces Sales Results for the Month, Fourth Quarter and Year Ended December 2012; Provides Sales Guidance for the Year 2013
The accumulated sales for the fourth quarter was TWD 1.16 billion, which was a 5% decline compared to the previous quarter, and a 13.8% growth compared to the same period in 2011.
The total accumulated sales in 2012 amounted to TWD 4.7 billion. As a result of a partial breakthrough of PCB, the downstream Notebook computers customers were able to partial apply thinner copper foil which led to a lower average price compared to the previous year. Therefore, Co-Tech experienced a 1.1% declined in sales on a year-on-year basis despite of its shipment growth.
Copper foil demand is closely related to global economy, Co-Tech expects sales to grow with a better 2013 economy.