Taiwan I Chiun Precision Industry Co. Makes Good Marks in Q3 Sales

Taiwan’s LED makers have made good marks in sales for the third-quarter peak season. I Chiun Precision Industry Co., claimed that its Q3 profits were up an astounding 350% from its total for the first half of 2012.

I Chiun Precision reported after-tax profits of US$3.66 million in Q3, more than three and a half times its first-half profits of US$1.031 million. The firm’s after-tax profit for the first three quarters totaled US$4.7 million, yielding earnings per share (EPS) of US$ 0.023.

And the company spokesman B.R. Yang pointed out that with its successful design for a second optical application for direct-type TV modules this year, I Chiun Precision delivered shipments to some brand-name color TV makers in Taiwan and mainland China in Q3, resulting in a monthly increase in revenues.

Other Taiwanese companies also benefited from the growing demand for LED TVs in Q3, including the Unity Opto Technology, Epistar, Formosa Epitaxy Inc., and Lextar. Among them, Unity Opto, announced that its combined third-quarter revenue increased 41% quarter on quarter, to US$84 million.

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