Qisda Q1 net profit hits 13-year highCONTINUED DEMAND: Qisda said that it is seeking to leverage the strengths of its businesses and industry partners in a ‘grand alliance’ to tackle component shortagesBy Lisa Wang / Staff reporterLCD monitor maker Qisda Corp (佳世達) yesterday reported that net profit in the first quarter reached the highest in about 13 years, thanks to strong demand for monitors and industrial devices amid the COVID-19 pandemic. Net profit increased to NT$2.61 billion (US$93.23 million) from NT$233 million last year and from NT$2.28 billion in the fourth quarter of last year, the company said. Qisda Corp chairman Peter Chen poses for a photograph at a news conference in Taipei on June 21, 2019. “As we said in March, this year will be a good year for Qisda, considering the faster pace of growth in revenue and net profit,” chairman Peter Chen (陳其宏) told investors in a virtual conference yesterday. Overall, revenue this quarter is expected to increase quarter-on-quarter by a double-digit percentage, Qisda chief executive officer Jasmin Hung (洪秋金) said.

Source: Taipei Times May 13, 2021 15:56 UTC