FCCL Maker Taiflex Reports 19% Revenue Drop in 3Q 2016

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Taiflex Scientific Co. Ltd, a provider of flexible copper-clad laminate (FCCL) for the flexible printed circuit industry, has announced consolidated revenues of NT$835 million ($26.56 million) for September 2016, slightly down by 0.7% from the previous month, and lower by 18.8% year-on-year.

Revenues for Taiflex’s Electronic Materials unit totaled NT$633 million ($20.14 million), down by 3.2% year-on-year, mainly due to weakening sales amid the end of the peak season. The Energy Material division posted total sales of NT$199 million ($6.33 million), up by 5.2% MoM.

Consolidated revenue in the third quarter of 2016 reached NT$2.44 billion ($77.6 million ), down by 7% from the previous quarter, and lower by 18.9% compared to the same period last year. The Electronics Materials division achieved 3Q revenue of NT$1.91 billion ($60.76 million), up by 24.1% from the previous quarter, and an increase of 15.7% YoY—another record high for the company. The Energy Materials unit posted 3Q sales of NT$526 million ($16.7 million), down by 50.8% on quarter and 60.2% YoY due to the significant decline in the solar market.