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E-book reader maker Netronix has reported net profits of NT$89.41 million (US$2.84 million) for the second quarter of 2016, a significant improvement from a loss of NT$85.07 million posted in the previous quarter.
Net profits for the first half of 2016 totaled NT$4.34 million or NT$0.21 per share.
Buoyed by seasonal factors, the company saw its sales increase 19.86% on month and 39.41% on year to NT$507 million in July. Combined revenues for the January-July period totaled NT$2.767 billion, up 17.62% from a year earlier.
The company’s stock price climbed NT$1.30 to finish at NT$73.10 on the Taiwan Stock Exchange (TSE) during the August 18 session.
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