TPK reports 1Q14 financial results

Press release, April 22; Alex Wolfgram, DIGITIMES [Tuesday 22 April 2014]

TPK has reported that its net income for first-quarter 2014 totaled NT$129 million (US$4.26 million) while EPS was NT$0.39.

Revenues in the first quarter totaled NT$26.6 billion, down 36.4% sequentially. The sequential decline was mainly due to seasonality and fewer working days. Revenues from small-size (7-inch below) and tablet products were affected the most and decreased 33% and 46% on quarter, respectively. Revenues from touch notebooks and large-size touch products also dropped 25% and 10%, respectively, during the quarter, said TPK.

TPK reported gross profit decreased to NT$2.66 billion, from NT$3.02 billion in fourth-quarter 2013 while gross margin increased to 10%, from 7.2% in the previous quarter. Operating expenses were NT$2.37 billion, down from NT$2.84 billion in the quarter earlier, the company added.

Capex for the quarter totaled NT$3.3 billion, noted TPK.

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