UDC Result 04/08/2017

UDC announced its FY17 Q2 results with revenues at $102.5 million and net income at $47.2 million, resulting in a net margin of 46%. The revenues increased by an impressive 59% on yearly basis while the quarterly net profit more than doubled over the last year.

The company said that it is progressing on its quest to develop a long-lasting blue PHOLED, and is getting close to a commercial material. Another interesting point from these quarterly results was that most of the income from China comes from BOE Display.