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FPCB Maker Flexium 1Q17 Profits Down 76%
April 28, 2017 | DigitimesEstimated reading time: Less than a minute
Flexible PCB maker Flexium Interconnected has reported net profits of NT$245 million ($8.12 million) for the first quarter of 2017, down by 76.1% quarter-on-quarter and 41.9% year-on-year, according to Digitimes.
The company suffered foreign exchange transaction losses of NT$303 million during the quarter, thereby affecting its profits, the company explained. Gross margin stood at 23% in the first quarter, a decline 0.6 percentage point from a quarter earlier and 1.1 percentage points from a year ago.
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