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Ichia Swings to Profit in Q2 2018
July 17, 2018 | DigitimesEstimated reading time: 1 minute
Taiwan-based Ichia Technologies, which manufactures flexible PCBs as well as mechanical integrated components, has reported pre-tax profits of NT$97 million ($3.2 billion) for the second quarter of 2018 following five straight quarters of losses, according to Digitimes. However, the company generated pre-tax losses of NT$26 million in the first half of 2018.
Ichia saw its June revenues fall 10% sequentially to NT$573 million due mainly to a temporary shutdown of part of its production lines in Suzhou, China, where the Suzhou Environmental Protection Bureau has launched a probe into Ichia’s local plant following accusations that it discharged polluted wastewater, and ordered it improve its wastewater processing as soon as possible. The probe, which took place between May 23 and June 27, has prompted Ichia to suspend part of its etching and copper plating production lines.
Digitimes quoted Ichia CEO Larry Sun as saying that the incident, which already affected Ichia's June revenues, will continue to impact the company's revenues in July. The Suzhou plant is expected to return to full capacity later in July.
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