KAOHSIUNG CITY, TAIWAN – Taiflex Scientific reported first quarter consolidated revenue increased 19.9% year-over-year to $70.7 million.

During the period, net income dropped 10.8% year-over-year to $3.76 million.

The firm’s flexible copper clad laminates posted revenue of $39 million, up 12.5% compared to the same quarter in 2015. Sales of the
company’s photovoltaic backsheets increased 35.3% to $31 million. Sequentially, sales of FCCL decreased 15.5%, while sales of PV backsheets dropped 28.7%. FCCL and PV backsheets accounted for 55% and 44% of the firm’s total revenues, respectively, during the quarter.

Taiflex expects second quarter revenue to increase 8.3% year-over-year to between $74.4 million and $90 million.

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