Princeton Technology Corporation Reports Audited Consolidated Earnings Results for the Year Ended December 31, 2016; Proposes Amendment to Articles of Incorporation
May 23, 2017 at 07:54 pm
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Princeton Technology Corporation reported audited consolidated earnings results for the year ended December 31, 2016. For the year, the company reported net sales were TWD 1,291,224,000 compared to TWD 1,277,209,000 a year ago. Operating loss was TWD 38,690,000 compared to TWD 101,923,000 a year ago. Income from continuing operations before income tax was TWD 8,636,000 compared to loss of TWD 149,912,000 a year ago. Net income attributable to stockholders of the parent was TWD 2,612,000 compared to loss of TWD 147,306,000 a year ago. Basic earnings per share was TWD 0.01 compared to loss per share of TWD 0.81 a year ago. Net cash provided by operating activities was TWD 42,259,000 compared to TWD 22,719,000 a year ago. Acquisition of property, plant and equipment was TWD 139,813,000 compared to TWD 165,601,000 a year ago.
The company will propose amendments to articles of incorporation of the company at the annual general meeting to be held on June 14, 2017.
Princeton Technology Corporation is a Taiwan-based company principally engaged in the design, manufacture and distribution of integrated circuits (ICs). The Companyâs primary products include the series of multimedia audio controller ICs, display drive ICs, radio frequency (RF) ICs and motor driver ICs, such as volume controller ICs, headphone amplifier ICs, tone processor ICs, echo ICs, preset equalizer ICs, vacuum fluorescent display (VFD) ICs, liquid crystal display (LCD) ICs, light emitting diode (LED) ICs, receiver ICs, power amplifier ICs, transmitter ICs and transceiver ICs. These products are mainly used in the personal computers (PCs), walkmans, disk players, automobile audio products, household audio products, consumer electronics and industrial instruments. The Company mainly operates its business in Japan, the Mainland China, Taiwan, Korea and other countries.
Princeton Technology Corporation Reports Audited Consolidated Earnings Results for the Year Ended December 31, 2016; Proposes Amendment to Articles of Incorporation
PRINCETON TECHNOLOGY CORPORATION 