Radiant Opto-Electronics Corp’s (瑞儀光電) net profit soared 65 percent annually last year on the back of increased back-light module demand for Apple Inc iPads and previous-generation iPhones, as well as improved foreign-exchange losses.
Net profit last year was NT$5.04 billion (US$163.77 million) compared with NT$3.05 billion in 2017, the most in six years, a financial statement Radiant filed with the Taiwan Stock Exchange on Wednesday showed.
Earnings per share were NT$10.8 last year, up from NT$6.57 the prior year, while gross margin rose to 15.46 percent from 14.44 percent over the same period.
Foreign-exchange losses narrowed significantly to NT$349.09 million last year from NT$584.44 million in 2017.
However, revenue dropped 0.82 percent to NT$53.95 billion last year from NT$54.4 billion a year earlier.
Radiant is a leading supplier of LCD back-light modules, with about half of its revenue coming from modules for mobile phones and tablets.
Last year’s earnings came after it posted NT$1.78 billion in net profit for the final quarter, up 6.59 percent from NT$1.67 billion in the third quarter.
Revenue soared about 30 percent to NT$18.08 billion quarter-on-quarter last quarter from NT$13.92 billion in the prior three-month period.
The company shipped 13.6 million back-light modules last month.
On a monthly basis, revenue fell 5.62 percent from NT$5.94 billion in December last year.
Shares of Radiant fell 0.54 percent to NT$91.6 on Wednesday compared with the TAIEX’s 0.02 percent fall.
Elon Musk’s lieutenants have reached out to chip industry suppliers, including Applied Materials Inc, Tokyo Electron Ltd and Lam Research Corp, for his envisioned Terafab, early steps in an audacious and likely arduous attempt to break into the production of cutting-edge chips. Staff working for the joint venture between Tesla Inc and Space Exploration Technologies Corp (SpaceX) have sought price quotes and delivery times for an array of chipmaking gear, people familiar with the matter said. In past weeks, they’ve contacted makers of photomasks, substrates, etchers, depositors, cleaning devices, testers and other tools, according to the people, who asked not to
JET JUICE: The war on Iran’s secondary effects have seen fuel prices skyrocket, knocking flight schedules down to earth in return as airlines struggle with costs Airline passengers should brace for more irritation in the next few months as carriers worldwide cancel flights and ground planes to cope with stratospheric increases in jet-fuel prices. Dutch flag carrier KLM is the latest company to cut its schedule, saying on Thursday that it would scrap 80 return flights at Amsterdam’s Schiphol Airport in the coming month. That puts it in the same league as United Airlines Holdings Inc, Deutsche Lufthansa AG and Cathay Pacific Airways Ltd, which have all pruned itineraries to mitigate costs. Global capacity for next month has been reduced by about 3 percentage points, with all
Taichung reported the steepest fall in completed home prices among the six special municipalities in the first quarter of this year, data compiled by Taiwan Realty Co (台灣房屋) showed yesterday. From January through last month, the average transaction price for completed homes in Taichung fell 8 percent from a year earlier to NT$299,000 (US$9,483) per ping (3.3m²), said Taiwan Realty, which compiled the data based on the government’s price registration platform. The decline could be attributed to many home buyers choosing relatively affordable used homes to live in themselves, instead of newly built homes in the city’s prime property market, Taiwan Realty
Taiwan is attracting a growing number of foreign jobseekers as companies increasingly recruit overseas talent to ease labor shortages and expand global reach, recruitment platform 104 Job Bank (104人力銀行) said yesterday. More than 40,000 foreign nationals searched for jobs in Taiwan through the platform last year, a 28 percent increase from a year earlier, the company said. Malaysians accounted for the largest share of overseas jobseekers at 12.2 percent, followed by Indonesians at 11.9 percent and Vietnamese at 10.8 percent. Indonesian applicants surged more than 50 percent year-on-year, while Vietnamese jobseekers rose by more than 30 percent. Applicants from the
RSS