First-quarter revenue slumped 53.84 percent year-on-year to NT$446.72 million, with Taiwanese customers’ sales contribution slumping 89.31 percent to NT$49.95 million and Chinese customers’ contribution falling 21.65 percent to NT$321.15 million, company data showed. Ta Liang manufactures precision tools and equipment essential for making PCBs, which are used in mobile phones and other electronics. “Last quarter was a low season for precision tool business, as customers were adjusting inventories,” Topoint told a teleconference on Thursday. The company said that orders for drilling tools and services this quarter have rebounded, while sales of cutting tools are expected to pick up in the third quarter. Ta Liang shares closed up 0.12 percent at NT$40.55 on Friday, while Topoint closed down 1.53 percent at NT$19.3.

Source: Taipei Times May 12, 2019 15:56 UTC