Power-supply unit maker Lite-On Technology Corp (光寶科技) yesterday reported a 27 percent annual increase in revenue for last year, reaching a record NT$123.46 billion (US$4.1 billion), the company said in a statement.
The strong yearly sales performance on a consolidated basis came after the Taipei-based company saw a 4 percent rise in sales last month to NT$10.03 billion from last year, it said.
“The sales growth was -attributable to Lite-On’s ongoing expansion in market share, coupled with stable demand,” the company said in the statement.
Based on the latest financial results, Lite-On saw steady growth in sales in all of its core business units last month, leading to a 7 percent increase in fourth-quarter revenue of NT$30.57 billion from a year earlier.
Among its major business units, the camera module business reported 100 percent growth year-on-year in sales last month and also the fifth consecutive month of growth.
That was followed by a rise of 17 percent in the LED module business and a 10 percent growth in power supply products used in notebook computers, desktop computers and servers, according to the statement.
Shares of Lite-On ended yesterday 1.24 percent higher than Wednesday’s closing price and were being traded at NT$40 on the Taiwan Stock Exchange.
Separately, Chunghwa Picture Tubes Ltd (中華映管), the nation’s No. 3 LCD panel maker, said yesterday its consolidated revenue reached NT$5.25 billion last month, which represented declines of 8.8 percent month-on-month and 13.4 percent year-on-year.
The company saw sales drop last month on its TFT business unit on falling prices and shipments, reporting a 10.4 percent yearly decline and 9.1 percent monthly decline to NT$4.76 billion.
As for the traditional cathode tube business, consolidated sales totaled NT$491 million last month, down 5.4 percent from November, the company said.
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