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November 30, 2018 | DigitimesEstimated reading time: 1 minute
Gold Circuit Electronics (GCE) swung to net profits of NT$256 million ($8.3 million) in the third quarter of 2018 from losses a year ago, thanks to rising fab utilization rates and product mix improvement, according to Digitimes.
GCE reported consolidated revenues increased by 11.4% from a year earlier to NT$5.74 billion in the third quarter of 2018, while gross margin climbed 10.22 percentage points to 18.55%. The higher revenues, coupled with rising production utilization rates at its Suzhou, China plant and a favorable product mix led to the company's net profit growth, Digitimes reports.
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