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Optical component maker PCL Technologies has reported net profits of only NT$429,000 (US$14,221) or NT$0.01 per share for the third quarter of 2017 due largely to valuation losses on financial instruments.
The company posted an operating profit of NT$104 million for its core business in the third quarter, but much of the earnings were eaten away by an valuation losses of NT$103 million recorded in the quarter, according to company spokesman Chao Wei-chou.
For the first three quarters of 2017, net profits totaled NT$165 million or NT$2.94 per share. Without the valuation losses, net profits would have reached NT$268 million with an EPS of NT$4.78 for the nine-month period, Chao said.
Meanwhile, PCL expects the shipment momentum for its 32Gb transceiver modules to continue into 2018-2019 due to strong demand from hyper data centers.
PCL spokesman Chao Wei-chou.
Photo: Michael Lee, Digitimes, November 2017
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