28 Apr '14, 8am

Equipment provider Scientech looks to 15-20% revenue growth in 2014

Equipment provider Scientech looks to 15-20% revenue growth in 2014

Equipment provider Scientech looks to 15-20% revenue growth in 2014 Patty Wang, Taipei; Steve Shen, DIGITIMES [Monday 28 April 2014] Semiconductor equipment distributor and wafer reclamation service provider Scientech expects its revenues to grow 15-20% in 2014 despite a slowdown in sales in the first quarter, according to company president Ming-chi Hsu. The company saw its revenues slip 39.9% on quarter and 10.7% on year to NT$548 million (US$18.1 million) in the first quarter of 2014, while net profits decreased 93.7% sequentially and 83.8% on year to NT$5.48 million. First-quarter EPS was NT$0.07. Slower than expected wafer reclamation business and increased R&D expenses affected the company's earnings in the first quarter, Hsu explained, noting that R&D expenses accounted for 6.56% of its total sales in the first quarter, compared to 4.27% a year earlier. Scientech is ...

Full article: http://www.digitimes.com/news/a20140428PD211.html

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