Lite-On Technology Corp (光寶科技) yesterday expected to maintain revenue levels for the current quarter compared with the previous quarter’s NT$26.5 billion (US$70 million), a company official said.
“This year, we expect monthly sales to reach the highest level this month,” chief executive Terng Kuang-chung (滕光中) told a teleconference. Though market demand tends to slow in the fourth quarter due to seasonal factors, “we expect fourth-quarter revenue to maintain the same level as the previous quarter.”
In the third quarter, all of Lite-On’s business units showed sequential growth in sales, leading to a quarterly increase of 17 percent in revenue of NT$26.5 billion.
But the figure was 29.8 percent lower than the NT$37.83 billion a year ago.
Net profit reached NT$2.49 billion in the third quarter, or NT$1.13 in earnings per share, which was 53 percent higher quarter-on-quarter and 14 percent higher year-on-year, hitting a two-year high, the company said in an e-mailed statement.
For the first nine months, net profit totaled NT$4.49 billion, or NT$2.04 per share, on revenue of NT$68.67 billion.
Thanks to higher utilization, strict inventory control and reduction in operating expenses, the gross margin and operating margin were 13.8 percent and 5.9 percent respectively, up from 13.2 percent and 5.2 percent in the same period last year, the company said.
“Looking forward, Lite-On will stay focused on market share expansion and profit growth,” Terng said.
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