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Primax Electronics expects audio devices and components and CCMs to become the main source of growth in consolidated revenues for the second half of 2016, according to the company at an August 11 investors conference.
Primax extended production to audio product lines after acquiring a 70% stake in Tymphany Hong Kong, a subsidiary of US-based speaker and audio device maker Tymphany, in 2014
|
Primax Electronics: Financial report, 2Q16 (NT$m) |
|||||
|
Item |
2Q16 |
Q/Q |
Y/Y |
1H16 |
Y/Y |
|
Consolidated revenues |
14,900 (US$466 million) |
11.2% |
6.5% |
28,306 |
2.9% |
|
Gross margin |
10.48% |
down 0.02pp |
up 0.14pp |
10.49% |
down 0.34pp |
|
Operating profit |
423 |
6.4% |
10.4% |
821 |
7.2% |
|
Net profit |
447 |
11.5% |
12.0% |
848 |
10.5% |
|
Net EPS (NT$) |
1.02 |
|
|
1.93 |
|
Source: Company, compiled by Digitimes, August 2016
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