TPK Holding Co. Ltd. has reported its fourth quarter and full year results, recording a net profit of NT$66 million ($2.1 million) on turnover of NT$39.6 billion ($1.2 billion) in Q4, which compares with a net loss in the final quarter of the previous year of NT$1.6 billion ($50.6 million) on turnover of NT$41.8 billion ($1.3 billion). This is the lowest quarterly net profit in the company’s history, due to a one-time asset impairment as TPK streamlined a cover glass plant in China.
For the year, the company posted a net profit of NT$277 million ($8.7 million) on turnover of NT$129.5 billion ($4.1 billion), while in the previous year TPK’s net profit was NT$7.2 billion ($227.7 million) on turnover of NT$159 billion ($5 billion). TPK reported a 16.9% sequential and 4.8% year on year drop in sales in January to NT$11 billion ($347.9 million).
