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Punching Out: Breaking Out of the Valuation BoxIchia Swings Back to Profitability in Q3
October 13, 2016 | DigitimesEstimated reading time: Less than a minute
Flexible PCB and handset chassis supplier Ichia Technologies swung back to profitability in the third quarter of 2016, with pre-tax profits for the quarter reaching NT$30 million (US$949,080) or NT$0.09 per share, according to Digitimes.
The turnaround came after the company managed to ramp up its gross margin to 9% in the third quarter compared to 3.84% and 2.63% in the first and second quarters, respectively.
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