Touch panel maker Wintek led with net profits of NT$1.24 million (US$40.43 million) for the third quarter of 2010, while fellow touch panel maker TPK Touch Solution led in revenues at NT$17.21 billion, and Young Fast Optoelectronics led in EPS with NT$6.09 for the quarter.

TPK has announced consolidated revenues of NT$17.21 billion for the third quarter, increasing 63.8% sequentially and 231% on year, making the company the largest touch panel maker worldwide in terms of revenues. EPS for the quarter was NT$5.64.

Consolidated revenues for the first three quarters of 2010 totaled NT$32.8 billion, up 145% on year. Net profit for the period was NT$2.58 billion, up 67% on year, and EPS was NT$12.85.

TPK indicated that revenue growth was mainly due to increasing shipments and ASPs. Shipments for 3.5-inch products increased 30% sequentially in the third quarter and ASP increased 55% sequentially, mainly due to increasing shipment share of touch screen products. Despite the revenue growth, net profit remained flat compared to the second quarter because of increased material costs, which rose 87% sequentially, and increased amortization of equipment depreciation from the newly completed production plant.

TPK's profit in the third quarter was lower than market expectations, the decreased gross margin of 14.3%, down from 21.1% in the second quarter, also affected the company's profitability for the quarter. However, TPK noted that gross margin is expected to return due to new capacity in the fourth quarter, revenues in the fourth quarter are expected to continue to increase, and growth momentum for profits is expected to return.