E Ink Holdings reports a 25.5% increase in net profits in 2018

E Ink Holdings announced that its net profit increased 25.48% to $84.6 million in 2018 as demand for high-margin electronic shelf labels (ESL) more than compenstated the lower demand for e-reader displays

E Ink Holdings is confident that its business will continue to be strong in 2019. Demand for e-readers will remain weak in H1 2019, which will result in a single-digit drop in total revenues.

About 70-80% of the comany's ESL capacity is already booked for for 2019, and the company plans to convert its US facility, which currently produces e-reader displays, to produce ESL displays.

Posted: Mar 29,2019 by Ron Mertens