The board of directors of Chimei Materials Technology (CMMT), a polarizer supplier of the Chi Mei Group, has gained approval to apply for listing on either over-the-counter (OTC) or mainboard of the Taiwan Stock Exchange (TSE).

CMMT posted revenues of NT$797.57 million (US$25.77 million) for September 2010, an decrease of 40.37% sequentially and 23.41% on year. Accumulated revenues for January-September totaled NT$11.54 billion, up 51.81% on year.

Consolidated revenues totaled NT$8.28 billion for the first half of 2010, gross profit was NT$1.21 billion with 14.56% gross margin. Operating income was NT$989 million with 11.95% operating margin. Net profit totaled NT$950 million with an EPS of NT$2.33.