Backlight module (BLU) maker Kenmos Technology recorded consolidated revenues of NT$3.74 billion (US$128 million) in first-half 2011, with pretax income of NT$35 million.

Despite the overall LCD panel industry's weak sales in the first half, Kenmos managed to turn in a profit thanks to its management strategy and gains from other investments.

Kenmos said BLU shipments for LCD TV applications totaled 800,000 units in first-half 2011, accounting for 30% of its total revenues. BLU shipments for monitors reached about three million units, taking up 37.5% of Kenmos's total revenues in the first half. Shipments for notebook applications totaled 2.7 million units, representing 22.6% of the maker's revenues.

Kenmos said third-quarter 2011 will see new clients from Korea and Japan and that shipments will continue to rise in the fourth quarter. Total revenues in the second half may exceed those of the first half because of the new clients, the company added.

The company also plans to continue investing in auto parts.

Despite the slight profit, the company's stock price has dropped to around NT$8 per share. Kenmos plans to buy back five million shares at NT$5.75-15.10 per share.

Source:digitimes