Cameras drive Lite-On’s earnings

Taipei Times
Date: Apr 29, 2017
By: Lauly Li / Staff reporter

Profits for electronics parts maker Lite-On Technology Corp (光寶科技) grew 16 percent annually in the first quarter of the year, driven mainly by high-end modules for dual camera lenses used in smartphones, the company reported yesterday.

The company’s net income of NT$1.98 billion (US$65.52 million) marks its highest quarterly result over the period in the past 13 years, Lite-On data showed, while earnings per share were NT$0.85 last quarter, compared with NT$0.74 a year earlier.

“The high-end camera module segment was the main contributor last quarter. Its revenue expanded by 20 percent from the same time a year ago,” Lite-On chief executive officer Warren Chen (陳廣中) told an investors’ conference in Taipei.

Higher shipments of its LED components and LED outdoor lighting products also boosted its earnings in the January-to-March period, Lite-On said.   [FULL  STORY]

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