Reported 7 months ago
Taipei, June 13, 2024, 4:10 PM - Tian 2 Technology (6834) announced its self-financial statement for May as requested by the regulatory authority, with a monthly profit of 10 million NT dollars, a 148% year-on-year increase. The company's profit for the month has already surpassed that of the first quarter. With a net profit per share after tax of 0.11 NT dollars, Tian 2 is expected to achieve a capacity utilization rate of over 90% in the second half of the year, becoming the first passive component factory to reach full capacity post-COVID-19. By actively increasing the proportion of direct sales customers, Tian 2 aims to enter the supply chain of major power plant manufacturers in the third quarter, projecting a further increase in capacity utilization to over 90% in the second half of the year. Despite a loss in the first quarter of the year, Tian 2 benefitted from non-operating gains of about 20 million NT dollars, leading to a turnaround from a loss to profit with an EPS of 0.05 NT dollars. Following the disclosure of the May financial results, which showed a remarkable profit for the month, Tian 2's revenue hitting a new high in over two years, the company reported a 148% year-on-year profit growth with a monthly profit of 10 million NT dollars and an earnings per share of 0.11 NT dollars after tax. For more news reports, please refer to Commercial Times on efforts of the PCB industry in digital transformation, partnership formation to create information models, and the estimation of Taiwan's PCB output value breaking 800 billion and MSCO Life Science receiving investment and cooperation from Japanese enterprises.
Source: YAHOO