TPK Holding Co Ltd (宸鴻), which supplies touch panels for Apple Inc’s iPad tablet computers, yesterday said its net income in the first six months of the year reached NT$1.45 billion (US$47 million), or NT$7.65 per share.
Gross margin was 20.26 percent, the company, which operates factories in Xiamen, Fujian Province, said in a filing with the Taiwan Stock Exchange. Revenues in the first six months reached NT$15.59 billion. The company did not provide financial details for comparison.
Wintek Corp (勝華), another Apple touch-panel supplier, reported a gross margin of 2.98 percent in the first six months of the year, according to its stock exchange filing.
The Taichung-based company also reported that losses in the period between January and June shrank to NT$674 million, compared with losses of NT$1.88 billion for the same period last year.
Young Fast Optoelectronics Co (洋華), the nation’s biggest touch panel maker, posted a gross margin of 31.72 percent for the first half of this year.
Net income grew 27 percent to NT$1.52 billion, or NT$11.50 a share, in the first two quarters, from NT$1.2 billion, or NT$9.42 per share, a year ago.
TPK is set to debut its shares on the nation’s mainboard on Thursday. Its net asset value is NT$30.88 a share, it said in the exchange filing.
The company priced its initial public offering at NT$220 per share, at the top of its NT$200 to NT$220 range, according to Yuan Financial Holding Co (元大金控), which helped to sell TPK shares, last week.
Wintek shares surged by 6.87 percent to NT$52.10 yesterday, while Young Fast edged up 0.72 percent to NT$349.
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