Sat, Nov 11, 2017 - Page 12 News List

Eclat revenue falls as plants delayed

AMAZONIAN ADVENTURE:Despite revenue decreasing 2.9%, the company says it has orders for Amazon’s activewear brands and operating permits for Vietnamese factories

By Kuo Chia-erh  /  Staff reporter

Eclat vice president Roger Lo (羅仁傑) yesterday attributed the margin decline mainly to higher expenses on research and development and fluctuations in foreign exchange rates.

Yuanta Securities Investment Consulting Co (元大投顧) analyst Peggy Shih (施姵帆) in a note on Thursday said that the earnings result for last quarter was below her previous estimate of NT$1.147 billion.

Shih said it would take more time for Eclat to ramp up capacity for its new computer jacquard fabric product, as the company’s Vietanmese plants are falling behind schedule, affecting its sales next year.

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