Chassis maker Silitech reports flat performance for January

Chassis and component maker Silitech Technology has reported consolidated revenues of NT$176 million (US$5.69 million) for January, decreasing 2.9% on month and 15.42% on year.

In January, sales of chassis products totaled NT$106 million, or 60.3% of total sales. Sales of automotive parts reached NT$70 million or 39.7%.

The company posted total revenues of NT$2.388 billion in 2016, decreasing 32.36% from a year earlier.

The company's stock price gained NT$0.30 to finish at NT$16.80 on the Taiwan Stock Exchange (TSE) during the February 7 session.