Display Tech Co., Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2012
July 24, 2012 at 05:26 am EDT
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Display Tech Co., Ltd. reported earnings results for the second quarter and six months ended June 30, 2012. For the quarter, the company reported sales of KRW 74,382 million against KRW 39,105 million a year ago. Operating income was KRW 6,161 million against KRW 2,363 million a year ago. Profit from continuing operation before corporate income tax was KRW 6,426 million against KRW 2,035 million a year ago. Net income was KRW 4,991 million against KRW 1,546 million a year ago.
For the six months, the company reported sales of KRW 139,804 million against KRW 86,596 million a year ago. Operating income was KRW 11,627 million against KRW 4,642 million a year ago. Profit from continuing operation before corporate income tax was KRW 11,628 million against KRW 3,928 million a year ago. Net income was KRW 9,029 million against KRW 2,955 million a year ago.
DTC Co Ltd, formerly Display Tech Co Ltd, is a Korea-based company engaged in the development, manufacture and sale of liquid crystal display (LCD) modules for mobile phones. The Company produces small-sized display modules, color super-twist nematic (CSTN), thin film transistor (TFT) LCD modules and others, which are used for mobile phones, personal digital assistants (PDAs), moving picture experts group audio layer-3 (MP3) players, portable multimedia players (PMPs), digital cameras, camcorders and printers. The Company mainly supplies its products to mobile phone manufacturers. In addition, the Company is engaged in the manufacture and sale of sanitary products such as masks. The Company is also engaged in the real estate rental business.