IC packaging material and tool distributor Niching Industrial has posted net profits of NT$61.37 million (US$1.96 million) in 2014, up 116% on year and hitting a 3-year high. The earnings translated into a net EPS of NT$1.57.
Niching generated consolidated revenues of NT$1.09 billion in 2014, up 36% on year. Gross margin stayed flat from 2013 at 16%.
Niching credited its positive performance in 2014 to growth in sales generated from the LED, display driver IC and semiconductor assembly and test sectors. In particular, sales of LED packaging materials jumped almost 100% on year, the company said.
Niching expects demand coming from the display driver IC and LED segments to mainly drive its growth in 2015. For the year, the company forecasts revenues will likely increase 20%.
Niching disclosed that sales of IC packaging materials account for more than 30% of its overall revenues, followed by sales of LED packaging materials with 20-30%, LCD driver IC manufacturing materials with almost 20%, and memory packaging materials 10-20%.
Niching distributes semiconductor packaging materials and equipment for Japan-based Dai Nippon Printing (DNP), Simmtech of South Korea and Small Precision Tools (SPT) of Switzerland.
