Electrophoretic display (EPD) maker E Ink Holdings (EIH) has announced revenues of NT$9.73 billion (US$331.29 million) for the fourth quarter of 2010, a record high for quarterly revenues. Fourth-quarter profit before tax also hit a record at NT$1.88 billion, with an EPS of NT$1.8.
Revenues for the whole year of 2010 totaled NT$25.18 billion, and net profit came to NT$4.03 billion with an EPS of NT$3.81 and gross margin of 31%.
The significant revenue growth was mainly due to increased shipments of EPDs and FFS (fringe field switching) panels. EIH indicated that EPD shipments were driven by strong sales of e-book readers, as the company had a 90% share in the global e-book reader market. Furthermore, FFS panels, with a majority share in the tablet PC market, also helped drive EIH's revenue growth.
EIH noted that e-book reader demand will more than double in 2011, and the company will satisfy clients' demand through strategic cooperation. In addition to Chimei Innolux (CMI), EIH is also cooperating with Chunghwa Picture Tubes (CPT) for the production of back-panels for EPDs.
Article translated by Yvonne Yu
