Net income fell 41.8 percent to NT$389 million (US$12.93 million), from NT$668 million in the previous quarter, while revenue declined 11.1 percent to NT$8.88 billion, the company said on its Web site. Earnings per share were NT$1.02 last quarter, it said. Chicony mainly focuses on manufacturing keyboards, switches, power supplies, smart and green solutions, camera modules and adapters for notebook computers. Revenue for this quarter would drop by 8 to 10 percent annually and gross margin would decline by 1 to 1.5 percentage points, the company said. Given the short-term effects of the epidemic, Jih Sun revised down its earnings per share forecast to NT$4.54 for this year, from a previous estimate of NT$5.18.

Source: Taipei Times March 03, 2020 15:56 UTC