02.22.12
E Ink Holdings, the leader in electronic paper display technologies, announced the results of the 2011 un-audited financial report.
Consolidated revenues for fourth quarter 2011 totaled NT $10.49 billion ($354.2 million), a growth of 8 percent over the same period in 2010 and a decrease of 4% as compared to the third quarter of 2011. Profit after-tax totaled NT $1.28 billion ($43.2 million).
In 2011, consolidated sales revenues totaled NT$ 38.43 billion ($1.3 billion), a growth of 53% as compared to 2010. Profit after-tax totaled NT $6.53 billion ($220.5 million).
Speaking of the first quarter of 2012, Scott Liu, the chairman of E Ink, said, "Currently we are in the slow season for retail sales of eReaders. Our customers are making inventory adjustments after the holiday season and we will not have significant market visibility until that is completed. We tend to be conservative in our sales estimates during the first quarter. However, in 2012 we expect to strengthen our competitiveness and continue development of both flexible and color ePaper technologies. Additionally, we expect a customer to launch a high-resolution product with touch technology within this year.
"In addition to the eReader market, we are also actively expanding into the education and business markets,” Liu said. “Our customer Ectaco launched the world's first color eTextbook using our Triton display in Russia, the jetBook Color, and we have a joint project with Epson for a high resolution EPD business device. We remain optimistic regarding our FFS panels, as our customers continue to introduce new models of consumer electronic products, including tablet PCs."
E Ink also announced the launch of a new global website, www.einkgroup.com, which provides product, technology and operational information for all of the companies under the E Ink umbrella.
"As our businesses expand and products become diversified, we are keenly aware of the importance of integrating our internal resources globally,” Sriram Peruvemba, chief marketing officer of E Ink Holdings, said. “This is why we decided to launch einkgroup.com as the portal of E Ink Holdings around the globe. This website provides information of product and technology of E Ink Holdings, in which browsers can easily find the information they need."
Visitors to the site will find a consolidated location to browse the technology, product offerings and company backgrounds for the organizations under the E Ink Holdings umbrella. The site will host the Investor Relations portal for E Ink Holdings, as well as sales and marketing information. In addition to their inclusion in the new website, product line websites, such as www.eink.com and www.hydis.com, will continue to host information particular to their technologies and job offerings.
Consolidated revenues for fourth quarter 2011 totaled NT $10.49 billion ($354.2 million), a growth of 8 percent over the same period in 2010 and a decrease of 4% as compared to the third quarter of 2011. Profit after-tax totaled NT $1.28 billion ($43.2 million).
In 2011, consolidated sales revenues totaled NT$ 38.43 billion ($1.3 billion), a growth of 53% as compared to 2010. Profit after-tax totaled NT $6.53 billion ($220.5 million).
Speaking of the first quarter of 2012, Scott Liu, the chairman of E Ink, said, "Currently we are in the slow season for retail sales of eReaders. Our customers are making inventory adjustments after the holiday season and we will not have significant market visibility until that is completed. We tend to be conservative in our sales estimates during the first quarter. However, in 2012 we expect to strengthen our competitiveness and continue development of both flexible and color ePaper technologies. Additionally, we expect a customer to launch a high-resolution product with touch technology within this year.
"In addition to the eReader market, we are also actively expanding into the education and business markets,” Liu said. “Our customer Ectaco launched the world's first color eTextbook using our Triton display in Russia, the jetBook Color, and we have a joint project with Epson for a high resolution EPD business device. We remain optimistic regarding our FFS panels, as our customers continue to introduce new models of consumer electronic products, including tablet PCs."
E Ink also announced the launch of a new global website, www.einkgroup.com, which provides product, technology and operational information for all of the companies under the E Ink umbrella.
"As our businesses expand and products become diversified, we are keenly aware of the importance of integrating our internal resources globally,” Sriram Peruvemba, chief marketing officer of E Ink Holdings, said. “This is why we decided to launch einkgroup.com as the portal of E Ink Holdings around the globe. This website provides information of product and technology of E Ink Holdings, in which browsers can easily find the information they need."
Visitors to the site will find a consolidated location to browse the technology, product offerings and company backgrounds for the organizations under the E Ink Holdings umbrella. The site will host the Investor Relations portal for E Ink Holdings, as well as sales and marketing information. In addition to their inclusion in the new website, product line websites, such as www.eink.com and www.hydis.com, will continue to host information particular to their technologies and job offerings.