KAOHSIUNG CITY, TAIWAN – Taiflex Scientific reported first quarter net income down 2.4% year-over-year and 40% sequentially to $3.3 million, the lowest level in 25 quarters.

Consolidated revenue fell 13.5% annually to $69.2 million, with solar sales dropping 57% because of a fire at its Kunshan, China, plant in January.

Sales of electronic materials – including flex copper-clad laminate – were up 19.8% compared to the first quarter of 2017.

 

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