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Kinsus Net Profits Fall 82% in 1H17
July 25, 2017 | DigitimesEstimated reading time: Less than a minute
IC substrate maker Kinsus Interconnect Technology has reported net profits for the first half of 2017 declined 82.1% from a year earlier to NT$199 million ($6.6 million), according to a Digitimes report.
Kinsus posted consolidated revenues of NT$9.89 billion in the first half of 2017, down 11.3% on year, while gross margin fell 5.85pp from a year ago to 19.46%. The company generated operating profits of NT$186 million in the first half of 2017, with operating margin reaching 1.89% compared with 11.44% a year earlier.
Despite negative results in the first half of 2017, Kinsus is expected to see its revenues increase by 20-25% sequentially in the third quarter, driven by a pick-up in substrate demand for smartphones. Meanwhile, revenues generated from its new substrate-like PCB line have started to buoy the company’s revenues since July, according to Digitimes.
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