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Ichia improves 3Q10 gross margin to 12%

  Handset keypad and flexible PCB (FPCB) maker Ichia Technologies saw its gross margin reach 12% in the third quarter of 2010 bringing the margin for the first three quarters of the year to 10%. The company attributed the improvement to its expanded FPCB business.

    Third-quarter pre-tax profits reached NT$147 million (US$4.77 million), or an EPS of NT$0.37. However, for the first three quarters of the year, pre-tax profits totaled only NT$110 million, representing an EPS of NT$0.23.

    Ichia expects its shipments of FPCBs in October to be on par with those shipped in September, but revealed that order visibility for November and December is not clear yet.