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Touch panel solution provider Young Fast Optoelectronics has reported net profits of NT$119 million (US$3.86 million) for 2018, snapping six straight years of losses, as non-operating income offset losses in its core touch solution business.
The earnings translated into an EPS of NT$0.79 for 2018, improving from a net loss of NT$0.04 of a year earlier.
Non-operating income surged to NT$253 million in 2018 from NT$62 million a year ago, contributed mainly by the gains from leasing its idle production facilities in Vietnam to a Korea-based company, the company said at its latest investors conference.
Revenues for 2018 shrank 17.34% on year to NT$739 million due to reduced shipments of touch solutions for consumer electronics such as handsets and tablets. The company also saw its operating losses widen to NT$109 million in 2018 from NT$73 million a year ago.
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