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TBI MOTION Technology Clarifies Report on Earnings Forecast, Expansion

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TBI MOTION Technology (TPE:4540) clarified a report stating it not issued any financial forecasts or operating targets for the full year.

The clarification came after a media report said the company expects to return to profitability and post earnings per share of more than NT$1.

The report also cited Chairman Lee Ching-Kun as saying TBI plans to expand into the humanoid robot market with new products launching in the second half of the year, while targeting revenue growth and a return to profit.

The company said any financial forecasts and related operating information should be based solely on its disclosures through the Market Observation Post System (MOPS).

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