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Copper-clad laminate (CCL) maker Elite Material has reported net profits of NT$2.77 billion ($90.35 million) for 2016, increasing 15.95% from a year earlier. Based on the earnings, the company plans to hand out dividends of NT$4.70 in cash for 2016, according to Digitimes.
Consolidated revenues for 2016 totaled NT$22.07 billion, up 5.75% on year. Gross margin stood at 26.12% in 2016, up 1.85pps from the previous year. Revenues for the first two months of 2017 reached NT$3.673 billion, increasing 18.97% from a year earlier.