Tue, Dec 03, 2013 - Page 14 News List

Keypad maker Ichia beats market’s sales predictions

By Kevin Chen  /  Staff reporter

Handset keypad maker Ichia Technologies Inc’s (毅嘉科技) shares rose 3.68 percent yesterday after the company’s sales for last month beat market expectations.

The Linkou District (林口), New Taipei City-based (新北市) company said in a filing to the Taiwan Stock Exchange on Sunday that its consolidated sales rose 19.4 percent year-on-year and 8.42 percent month-on-month to NT$1.03 billion (US$34.7 million) last month.

For the first 11 months of the year, the company’s consolidated revenue totaled NT$8.73 billion, up 6.79 percent year-on-year, the company said in the filing.

Ichia’s shares closed at NT$15.5 yesterday. They have risen 17.42 percent over the past 12 months, compared with the broader market’s 11.01 percent increase over the same period.

Ichia counts BlackBerry Ltd, Nokia Oyj, Alcatel-Lucent SA and Sony Corp among its major customers.

The firm has been readjusting its business and client portfolios in response to softening orders from some clients.

Its effort to increase its focus on flexible printed circuit (FPC) components — in a bid to reduce the repercussions of smaller orders from BlackBerry — saw its sales of integrated FPC components rise to NT$898 million last month, up 20.86 percent from October and marking the highest level this year.

Sales of integrated modules for metal and plastic mechanical parts, including items used for BlackBerry’s QWERTY keyboards, totaled NT$142 million, 13.6 percent higher than the previous month’s NT$125 million, it said.

Analysts forecast that the company’s revenue for this quarter could hit its highest level in two years due to sizzling FPC component shipments on the back of new product launches by smartphone and tablet brands.

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