TPK Holding Co. announced its consolidated financial results for the first quarter 2018 with net revenues of NT$20.85 billion ($697 million), a decrease of 2.6%, compared to NT$21.41 billion ($716 million) in Q1 2017. The decline in revenue was primarily attributed to reduced production volume post seasonal demand and fewer working days in the first quarter. Net income of the company was NT$68 million ($2.27 million) in Q1 2018, a massive decrease of 89%, compared to NT$616 million ($20.6 million) in Q1 2017. EPS in Q1 0218 was NT$0.17, a decline of 90.4%, compared to NT$1.78 in Q1 2017
In this quarter, company reported a foreign exchange loss of NT$68 million ($2.27 million) due to the appreciation of the RMB and NTD against the USD.
