Trade Resources Industry Views IPC Maker Ennoconn Sees Profits up Sharply in 2Q16

IPC Maker Ennoconn Sees Profits up Sharply in 2Q16

Tags: Industry PC, IPC

Industry PC supplier Ennoconn saw its net profits increase 16% on quarter and 31% on year to NT$267 million (US$8.46 million) in the second quarter of 2016. The earnings translated into an EPS of NT$3.78 for the quarter.

Gross margin also improved 1pp sequentially and 4.3pp on year to 21.9% in the second quarter, the highest level in 10 quarters.

For the first half of 2016, net profits totaled NT$500 million, increasing 35% from a year earlier. EPS for the January-June period reached at NT$7.06.

The company's stock price gained NT$3.00 to finish at NT$482.00 on the Taiwan Stock Exchange during the August 5 session.

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IPC Maker Ennoconn Sees Profits up Sharply in 2Q16