Mon, Apr 07, 2014 - Page 14 News List

Ichia beats sales forecasts

By Kevin Chen  /  Staff reporter

Handset keypad maker Ichia Technologies Inc (毅嘉科技) on Tuesday last week reported sales for last month that beat market expectations, after posting lower-than-expected sales in February.

The company said in a filing with the Taiwan Stock Exchange that its consolidated sales rose 52.56 percent year-on-year and 23.3 percent month-on-month to NT$1.02 billion (US$33.6 million) last month.

In February, Ichia reported that sales rose 101.81 percent year-on-year, but declined 12.39 percent month-on-month to NT$824.65 million.

For the first three months of the year, Ichia’s consolidated revenue totaled NT$2.78 billion — up 53.75 percent from the same period last year and 1.46 percent higher than the previous three months — and hit a company record for the January-to-March period, its data showed.

Last month’s revenue was higher than the NT$1 billion estimate made by SinoPac Securities Investment Service (永豐投顧).

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

Sales from the company’s flexible printed-circuit integrated components were NT$923 million last month — or 90.85 percent of total sales — and higher than the NT$755 million month before.

Sales of mechanical integrated components, including items used for QWERTY keyboards on BlackBerry devices, were NT$94 million, also higher than the previous month’s NT$70 million.

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