TC TECH has today published its interim report for the period January 1 to September 30, 2019
Net sales amounted to 4 717 (0) TSEK in the third quarter of 2019. In the same period, net profit/loss totalled -6 261 (-6 817) TSEK. Cash flow from operating activities was -2 243 (-1 789) TSEK in the third quarter of 2019.
Net sales amounted to 9 835 (0) TSEK in the first nine month of 2019, while net profit/loss totalled -21 633 (-22 039) TSEK. Cash flow from operating activities was -18 190 (-12 999) TSEK in the period from January 1st to September 30th 2019.
- TC TECH Sweden AB (publ) announced that the company has received final approval of a production system for high-performing LGPs used in LCD displays from a Taiwan-based customer. The system has been delivered and installed at the customer’s facilities during the summer.
- TC TECH Sweden AB (publ) announced that the company has received an order for one production system used for manufacturing of high-performing LGPs for LCD displays from Nicrotek Co., Ltd, a Chinese LGP manufacturer who is a part of the SVG Optronics Tech Group, and in accordance with the letter of intent previously communicated. The order was received through their Chinese distributor QJ-TEC.
Developments after September 30th, 2019
- TC TECH Sweden AB (publ) has in October made a directed equity issue of 1 412 700 shares, based on the authorization granted by the AGM held on May 9th 2019. As a result of this resolution, the company’s share capital increased by SEK 113 016 and liquid funds by around SEK 19 million.