ITEQ Posts Over 40% Profit Increase in 2018

Copper-clad laminate (CCL) firm ITEQ has reported net profits surged 42.6% to NT$1.78 billion ($57.6 million) in 2018, when consolidated revenues increased 5.6% year-on-year to NT$22.4 billion, according to Digitimes.

Improvement in the company's product mix led to the profit growth, according to ITEQ, which has been enhancing its high-frequency and high-speed product line. Digitimes reports that Iteq is gearing up for demand for 5G infrastructure, and orders generated from orders for 5G equipment will start contributing substantially to company revenues in the second half of 2019.