30 Oct '12, 4am

PCB material supplier Fulltech 3Q12 profits fall:

PCB material supplier Fulltech 3Q12 profits fall Ingrid Lee, Taipei; Jessie Shen, DIGITIMES [Tuesday 30 October 2012] Fulltech Fiber Glass, which makes fiber glass yarns and fabrics for PCB bonding sheets and laminates, saw its third-quarter profits shrink due to rising oil and electricity costs, falling ASPs for thick fabrics as a result of weak demand, as well as foreign currency exchange losses. Fulltech's net profits plunged to only NT$8 million (US$0.27 million) in the third quarter, down from the NT$77 million posted in the second quarter. Gross margin slipped to 17.67% from 23.35% in the prior quarter. Despite the lower profit and margin, Fulltech's revenues for the third quarter grew 6.1% sequentially to NT$1.16 billion. Fulltech expressed caution about its business outlook for fourth-quarter 2012 and first-quarter 2013. The firm indicated that demand for its elect...

Full article: http://www.digitimes.com/news/a20121029PD217.html

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