Sat, Jul 09, 2016 - Page 11 News List

Taiwan Business Quick Take

Staff writer

CHIPMAKERS

Everlight posts revenue rise

Everlight Electronics Co (億光), the nation’s largest LED chip packager and lighting products supplier, yesterday posted 1.13 percent annual growth in quarterly revenue of NT$7.13 billion (US$220.7 million) for last quarter, up 2.58 percent from the previous quarter’s NT$6.95 billion. Everlight chairman Robert Yeh (葉寅夫) on Thursday told reporters that he has seen improving demand in the LED industry and expects the firm’s performance to continue improving this quarter.

CHIPMAKERS

Epistar revenue grows 10%

Epistar Corp (晶電), Taiwan’s leading LED chipmaker, reported nearly 10 percent annual growth in revenue to NT$2.1 billion for last month, driven by improving demand for blue-LED business and growing demand for infrared applications. Last month’s figure was up 9.87 percent annually — its first annual expansion in the past five months — but dropped slightly from the previous month’s NT$2.15 billion, company data showed. In the second quarter, Epistar’s revenue reached NT$6.55 billion, down 3.2 percent year-on-year, but up 8.2 percent quarter-on-quarter.

FINANCE

Mega income increases

State-run Mega Financial Holding Co (兆豐金控) on Thursday posted NT$2.33 billion in net income for last month, a 35.58 percent increase from a year earlier, supported by its main subsidiary, Mega International Commercial Bank (兆豐國際商銀), the company said in a statement. In the first half of the year, the bank-focused conglomerate accumulated NT$15.11 billion in net profit, a 2.29 percent retreat from the same period last year, with earnings per share of NT$1.11, company data showed.

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