Taiwan Business Quick Take - Taipei Times
Thu, May 03, 2018 - Page 11 News List

Taiwan Business Quick Take

Staff writer

CHEMICALS

Swancor reports a net loss

Materials manufacturer and wind farm developer Swancor Holding Co Ltd (上緯) yesterday reported a net loss of NT$6 million (US$201,626) for last month, down 109 percent from a year earlier, with net losses per share of NT$0.07. However, revenue rose 32 percent year-on-year to NT$487 million, the company said in a filing with the Taiwan Stock Exchange. In the first quarter, net losses expanded to NT$42 million, or net losses per share of NT$0.47, while total revenue rose 22.63 percent to NT$1.15 billion, the filing showed. The market regulator requested that Swancor disclose its latest financial figures amid stock price fluctuations and after it closed down by the daily limit at NT$136 yesterday.

SEMICONDUCTORS

WPG net income rises 2.4%

Semiconductor component distributor WPG Holdings Co (大聯大) yesterday reported that net income last quarter improved 2.4 percent quarterly to NT$1.89 billion, with earnings per share of NT$1.04. First-quarter sales rose 3.62 percent annually to NT$123.41 billion, the company said, citing growing shipments of computer, consumer electronics, communications, cloud services and automotive-related components. The company also unveiled its guidance for this quarter, forecasting that sales would reach between NT$127 billion and NT$140 billion, while operating margin would be between 1.85 and 1.98 percent, compared with 1.95 percent last quarter.

GAMING

Gamania gross margin rises

Online game publisher Gamania Digital Entertainment Co (遊戲橘子) yesterday said rising sales and an improving product mix helped increased its gross margin 7 percentage points from a year earlier to 25 percent for the first quarter. Net profit for the period surged 664 percent to NT$408 million, with earnings per share of NT$2.41, the company said. First-quarter revenue rose 119 percent to NT$4.86 billion, which the firm attributed to the growing popularity of its biggest online game, Lineage M. Gamania said contribution from Lineage M and game points distribution subsidiary Gash Co Ltd (樂點) would be major growth drivers for this quarter.

MANUFACTURING

Ichia revenue falls 6 percent

Handset keypad maker Ichia Technologies Inc (毅嘉科技) yesterday posted revenue of NT$580 million for last month, down 6 percent from March, due to a shortage of raw materials. On an annual basis, revenue rose 12 percent, it said. Last month’s revenue included about NT$457 million in sales of flexible printed circuit integrated components and about NT$125 million from mechanical integrated components, Ichia said in a filing with the stock exchange. Cumulative revenue for the first four months of the year expanded 9 percent year-on-year to NT$2.17 billion, it said.

CHIPMAKERS

TSMC fab starts operations

Taiwan Semiconductor Manufacturing Co’s (TSMC, 台積電) 12-inch fab in Nanjing, China, has officially started mass production and is ready for shipments of chips using its 16-nanometer process in the near term, the Chinese-language Economic Daily News reported, citing industry sources. The world’s largest contract chipmaker held a ground-breaking ceremony for the plant on July 7, 2016. The Nanjing facility’s first shipment was delivered to Beijing-based Bitmain Technologies Ltd (比特大陸), the world’s largest bitcoin mining organization, the newspaper said.

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