Net profit in the April-to-June quarter rose 85.5 percent from a year earlier to NT$1.05 billion (US$37.8 million), the highest in nearly 11 quarters. Consolidated revenue rose 25.2 percent annually to NT$7.05 billion, while operating income expanded 107.6 percent to NT$1.43 billion on improved margins. Gross margin and operating margin both increased by about 8 percentage points from a year earlier to 36.12 percent and 20.25 percent respectively, the company said. Hiwin started to raise product prices in the first quarter of this year in response to rising prices of raw materials. The company plans to raise prices for some products again in the third quarter if raw material prices continue to soar, it said.

Source: Taipei Times August 08, 2021 15:56 UTC