Fri, Jun 12, 2015 - Page 13 News List

Kinsus says sales could rise in June

By Lauly Li  /  Staff reporter

Thanks to seasonal demand, Kinsus Interconnect Technology Corp (景碩科技), a silicon substrate maker, is likely to see a revenue pickup this month at the earliest, company chairman Tung Tsu-hsien (童子賢) told a media briefing after a shareholders’ meeting in Taoyuan yesterday.

“The slow season is ending,” Tung said, adding that the company is starting to get busy for the peak season next quarter.

Based on historical records over the past five years, the third and fourth quarters are usually peak periods for the industry, said Tung, who is also the chairman of Kinsus’ parent company, Pegatron Corp (和碩).

The shopping season between the end of the summer holiday and school opening, and product launches by international brands in the third quarter usually boost sales of consumer products and benefit Kinsus, he added.

Kinsus’ clients include US semiconductor companies Qualcomm Inc and Marvell Technology Group.

The company reported a 24.4 percent annual decline in sales to NT$1.67 billion (US$53.59 million) last month.

On a monthly basis, the figure was also down 13.47 percent from April’s NT$1.93 billion.

Revenue for the first five months of the year totaled NT$8.96 billion, down 13.16 percent from a year earlier.

Kinsus’ net income dropped 24.88 percent annually to NT$578.69 million, or NT$1.38 per share, in the first quarter.

In related news, Kinsus’ board approved Tung’s proposal to have CEO Peter Kuo (郭明棟) chairman.

Kuo will double as CEO and chairman, Tung said in a press statement.

Tung, who has served as Kinsus chairman for 15 years, said the proposal to name a new chairman was part of the parent company’s move to reinforce loyalty and responsibility among senior officials as its subsidiaries’ businesses stabilize.

Tung said he and Pegatron CEO Jason Cheng (程建中), vice chairman Ted Hsu (徐世昌) and Kuo had reached a consensus regarding the personnel adjustments at Kinsus.

Apart from Kinsus, Pegatron’s subsidiaries include metal casing supplier Casetek Holding Ltd (鎧勝) and contact lens maker Pegavision (晶碩).

The company’s shares closed at NT$81.40 in Taipei trading yesterday, up 1.37 percent from a day earlier and outpacing the TAIEX’s 0.04 percent.

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