LCD and projector maker Qisda Co (佳世達) on Thursday reported that its second-quarter revenue increased 7.2 percent year-on-year to NT$53.46 billion (US$1.85 billion), boosted mainly by rising sales in its business solutions and medical applications sectors.
The company’s sales in the information and communications technology (ICT) sector, as well as the networking and communications sector, also increased from a year earlier, a Qisda official who declined to be named said yesterday.
Revenue last quarter rose 7.5 percent from the first quarter, meeting the company’s guidance, thanks to inventory building by customers during the 90-day pause from the US’ “reciprocal” tariffs.
Photo: CNA
Sales growth at the company’s business solutions division was driven mainly by its smart solutions subsidiary Metaage Corp (邁達特), while the medical applications division benefited from increased sales at its drugstore chain TinTin (丁丁藥局), the official said, adding that the networking and communications division was boosted by rising sales in data center switches by its subsidiary Alpha Networks Inc (明泰).
Cumulative revenue in the first half of the year was NT$103.21 billion, up 6.65 percent from NT$96.77 billion in the same period last year, Qisda said.
By sector, the ICT business accounted for 55 percent of total revenue, followed by business solutions at 16 percent, medical applications at 14 percent, networking and communications at 9 percent, and the rest at 6 percent, the company said.
The revenue outlook for the ICT sector, the company’s main sales driver, comprising LCD monitors, projectors and other information technology products, would largely depend on customer demand, foreign exchange rate fluctuations and the US’ tariffs policy, the official said.
Qisda’s major production bases are in Taiwan, China and Vietnam, with some assembly lines in California and Mexico.
The medical applications business delivers the highest gross margin among the company’s product lines, the company said, adding that it mainly sells to Asian customers and that US tariffs would have limited impact.
Qisda would adjust capacity allocation if needed, as it is considering expanding capacity at its Ha Nam plant in Vietnam after Washington and Hanoi reached a trade deal this week to cut tariffs on Vietnamese goods to 20 percent from 46 percent, while China could still face higher US tariffs, the official said.
LCD monitor production in Vietnam in the second quarter increased by a double-digit percentage from a year earlier, the official said. The company in March said that it aimed to triple production by the end of the year.
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