Thu, Aug 02, 2012 - Page 13 News List

Wintek surprises with over 60% rise in July sales

By Lisa Wang  /  Staff reporter

Wintek Corp (勝華), a Taiwanese touch panel supplier to Apple Inc and Google, yesterday reported a 60.72 percent jump in revenue last month on better customer demand, boding well for the company’s outlook this quarter.

Revenue expanded to NT$8.39 billion (US$280 million) last month, compared with June’s NT$5.22 billion, Wintek said in a statement. On an annual basis, revenue edged down 1.51 percent from NT$8.51 billion a year ago.

“The monthly increase is supported by growth in OGS [one- glass solution, or OGS, touch panels] and better demand for non-OGS [touch panels],” Wintek spokesman Jay Huang (黃忠傑) said by telephone. “The impact of our customer’s product transition was less severe than we thought.”

Huang said the growth would carry into this month.

Wintek was originally banking on better sales of panels to Ultrabook makers to offset an anticipated weakness at its smartphone customer because of product transition during the third quarter.

“Now, we expect better growth in the third quarter,” Huang said.

Credit Suisse early last month projected that Wintek would see a sequential decline of 5 percent in revenue in the current quarter to NT$21.21 billion from the second quarter’s NT$22.27 billion, saying Wintek would see reduced orders from Apple as its new iPhone would use a different type of touch panel — ie, in-cell touch panel.

Credit Suisse analyst Jerry Su (蘇厚合) forecast Wintek would post a loss of NT$318 million last quarter, from a net profit of NT$148 million in the first quarter.

Shares in Wintek rallied 1.9 percent to NT$13.40 in Taipei trading yesterday.

This story has been viewed 3134 times.

Comments will be moderated. Remarks containing abusive and obscene language, personal attacks of any kind or promotion will be removed and the user banned.

TOP top