TPK Result 30/07/15

Touch panel supplier TPK Holding Co. posted Q2 net losses of TWD618 million ($19.6 million), compared with profits of TWD323 million ($10.2 million) in the year-ago period, on revenue which fell 23% to TWD23.74 billion ($751.9 million) from TWD30.7 billion ($972.4 million). For the half year, there were losses of TWD1.6 billion ($51.7 million) on turnover of TWD52.69 billion ($1.7 billion). The company attributed the losses to weak demand, too much inventory and product transition.