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Chin-Poon to post record 3Q16 revenues, says report

Release time:2016-07-21 12:13  READ: time

Automotive PCB specialist Chin-Poon Industrial is expected to see its third-quarter revenues rise 5% sequentially and hit a record high, according to a recent Chinese-language Economic Daily News (EDN) report.

Chin-Poon's revenues for the third quarter of 2016 are set to top NT$6.2 billion (US$194 million) buoyed by the arrival of the company's new capacity, the report quoted market watchers as saying.

In response, Chin-Poon said actual financial results will be disclosed in filings issued with the Taiwan Stock Exchange (TSE). The company added it does not comment on estimates made by market watchers.

Chin-Poon was quoted in previous reports saying production lines at the company's plants in Taiwan, China and Thailand will run at full capacity through the end of 2016.

Chin-Poon reported revenues of NT$11.98 billion for the first half of 2016, up 8.6% from a year earlier. Revenues for the second quarter of 2016 were NT$5.9 billion representing a 2.8% sequential decrease but a 6.5% on-year growth.


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