News Videos
International Edition


May 24, 2017

Breaking News, World News and Taiwan News.
About Us
Contact Us

Weak sales hurt Infineon third-quarter performance

FRANKFURT--German chip-maker Infineon said Tuesday that both sales and profits came in below expectations in the third quarter of this year as business is being hit by the current crisis.

Infineon, which runs its business year from October to September, complained that "growth and margin are currently below plan, reflecting global uncertainties."

Bottom-line net profit amounted to 82 million euros (US$100 million) in the period from April to June, a drop of 26 percent from the preceding three months and a drop of 57 percent year-on-year, it said in a statement.

Third-quarter revenues stood at 990 million euros, unchanged from the preceding quarter and a decline of 5 percent from the same period a year earlier.

On the basis of its third-quarter performance, Infineon said it was projecting a decline of around 3 percent in full-year revenues.

Write a Comment
CAPTCHA Code Image
Type in image code
Change the code
 Receive our promos
 Respond to this email
Subscribe  |   Advertise  |   RSS Feed  |   About Us  |   Career  |   Contact Us
Sitemap  |   Top Stories  |   Taiwan  |   China  |   Business  |   Asia  |   World  |   Sports  |   Life  |   Arts & Leisure  |   Health  |   Editorial  |   Commentary
Travel  |   Movies  |   TV Listings  |   Classifieds  |   Bookstore  |   Getting Around  |   Weather  |   Guide Post  |   Student Post  |   Terms of Use  |   Sitemap
  chinapost search