Topco sees boon in product shortage - News Summed Up

Topco sees boon in product shortage


By Ted Chen / Staff reporterTopco Technologies Corp (崇越電) yesterday said it expects to see a continued increase in profitability this year amid a global shortage in silicone products. The company’s Chinese rivals mostly manufacture lower-end silicone products. Adoption of silicone-based solutions has made water resistance for smartphones — a feature that was rarely found two to three years ago — a standard for the most popular flagship devices, Wu said. The company’s net income last year rose 20.72 percent year-on-year to NT$350 million (US$11.89 million), with sales rising 6.21 percent from a year ago to NT$7.67 billion. Gross margin and operating margin last year were 17.89 percent and 6.48 percent, up from 16.11 percent and 5.27 percent in 2016.


Source: Taipei Times April 16, 2018 15:56 UTC


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