TPV Technology Limited announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2017. For the quarter, the company reported revenue of $2,494,158,000 compared to $2,472,166,000 a year ago. Operating loss was $3,391,000 compared to operating profit of $35,290,000 a year ago. Loss before income tax was $13,342,000 compared to profit before income tax of $31,902,000 a year ago. Loss attributable to owners of the company was $19,608,000 or 0.84 cents basic and diluted per share compared to profit attributable to owners of the company of $18,645,000 or 0.79 cents basic and diluted per share a year ago.

For the nine months, the company reported revenue of $6,868,748,000 compared to $7,050,375,000 a year ago. Operating profit was $25,735,000 compared to $73,141,000 a year ago. Profit before income tax was $361,000 compared to $57,372,000 a year ago. Loss attributable to owners of the company was $19,354,000 or 0.83 cents basic and diluted per share compared to profit attributable to owners of the company of $21,337,000 or 0.91 cents basic and diluted per share a year ago.

The company provided sales guidance for the fourth quarter of 2017. The Group is also expecting an improvement in sales realization and inventory reduction in the fourth quarter that should result in inventory being optimized to a healthy level by the end of the year.