Fri, Sep 07, 2012 - Page 13 News List

Lite-On sees biggest profit in five months

By Lisa Wang  /  Staff reporter

Lite-On Technology Corp (光寶科技), the nation’s largest power supply unit maker, yesterday posted its strongest monthly revenue in five months for last month, thanks to a sustained increase in orders for power supply units used in cloud-computing services and camera modules for mobile devices.

Revenue increased 3 percent to NT$10.4 billion (US$347.8 million) last month, compared with NT$10.08 billion in July. That was a decline of 2.16 percent from NT$10.63 billion in August last year.

Camera module revenues grew 10 percent year-on-year after the company delivered high-end products and made gains in the PC and smartphone market, Lite-On said in a statement. The company attributed the growth partly to new orders from tablet vendors in the US, excluding Apple Inc.

Another bright spot was the company’s LED lighting component business, whose revenue quintupled from the same period last year because of solid customer demand and smooth mass production.

The success of the camera module and LED lighting components sectors brought 11 percent annual growth, or 6 percent monthly growth, to the company’s optoelectronics business group, last month, Lite-On said.

In addition, PC peripherals grew 20 percent month-on-month last month after Lite-On expanded shipments of keyboards for tablets and made gains in global market share. No annual figure was provided.

Last week, chief executive officer Waren Chen (陳廣中) said he expected business would rise slightly this quarter from last quarter, boosted by seasonal demand.

In a separate statement, Vanguard International Semiconductor Corp (世界先進), which makes controller chips for LCD panels and power management chips, yesterday said its revenue rose by 5 percent to NT$1.66 billion last month from NT$1.58 billion in July. The increase made last month’s figure the highest in about two years.

The boost in profits was due to growth in the volume of wafer shipments, company spokesman Tseng Dong-liang (曾棟樑) said in the statement.

On an annual basis, the figures indicate an increase in revenue of 20.07 percent from NT$1.39 billion in the same period last year.

Tseng said shipments would fall by between 4 percent to 6 percent this quarter from last quarter, when the company shipped 357,000 units, saying that the global economic slowdown would cut end-product demand and thereby customer demand.

Gross margin would drop to between 24 percent and 26 percent this quarter from 28 percent last quarter, it said, while chip prices would rise from 4 percent to 6 percent in the same period.

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