Tatung Consumer Products Company (TCPC), a subsidiary of the Taiwan-based home appliance maker, reported that the company started to turn profitable in the first half of 2005. The company also aims to reach NT$7 billion (approx. U.S. $219.2 million) in revenues this year, according to KW Yang, president of TCPC.
The company posted revenues of NT$3 billion (approx. $93.9 million) and nearly NT$30 million (approx. $939,300) in profits in the first half of this year, according to the company.
With strong demand, TCPC plans to increase the proportion of its revenues coming from flat panel TVs, including LCD TVs and plasma display panel (PDP) TVs, to 15 percent by year-end, up from less than 10 percent, the company added.
Last year, the company reported nearly NT$60 million (approx. $1.9 million) in losses due to dramatically sliding prices in the LCD TV segment.
Found in 2001, Tatung Consumer Products mainly handles the sales business of Tatung’s home appliance products. (DigiTimes)
to Daily News