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Connector maker Alltop Technology has reported net profits of NT$44 million (US$1.387 million) for July, expanding earnings for the first seven months of 2016 to NT$167 million, or NT$2.55 per share.
Alltop also reported revenues of NT$173 million for July, increasing 4.21% on month and 41.08% on year. Accumulated 2016 revenues through July totaled NT$1.077 billion, up 18.14% on year.
Increasing connector shipments for server and automobile applications helped ramp up revenues and profits in 2016, according to a Chinese-language Commercial Times report.
Non-notebook products are expected to account for 40% of Alltop’s total sales in 2016 compared to 30% a year earlier.
The company’s stock price climbed NT$7.40 to close at NT$86.20 on the Taiwan Stock Exchange (TSE) during the August 31 session. Alltop’s stock price has rallied almost 300% since the beginning of 2016 when it hovered around NT$21.85.
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Connector maker Alltop Technology has reported net profits of NT$44 million…
