E Ink reported a record net profit, sees EPD market growing 2-3 fold in 2011
E Ink Holdings reported a net profit of NT$1.67 billion ($57.7 million) on revenues of NT$10.09 billion ($347 million) for the Q1 2011. The earnings-per-share more than doubled over last year (but were lower than the earnings in the previous quarter).
E-Paper displays (EPD) products contributed 60-70% of the total revenues. The company says that the market for EPD is expected to continue growing - in fact the company predicts that in 2011 the market will increase 2-3 fold over 2011.