INVESTORS’ CONFERENCE REPORT: Net profits rose 86 percent from the second quarter, while gross profits were up 23 percent and revenue increased 10 percent

Taipei Times
Date: Oct 31, 2018
By: Ted Chen  /  Staff reporter

Delta Electronics Inc (台達電) yesterday reported record third-quarter results after the power and thermal solutions provider raised prices.

Net profits rose 86 percent quarterly and 11 percent annually to NT$6.09 billion (US$196.55 million), with revenue of NT$63.62 billion, up 10 percent from the previous quarter and 6 percent higher compared with a year ago. Earnings per share were NT$2.35.

The gains were primarily driven by a rise in passive components sales and higher pricing for power electronics, Delta chairman Yancey Hai (海英俊) told an investors’ conference in Taipei.

Since the end of the first half of the year, Delta has been renegotiating with customers to raise prices by 3 to 5 percent to reflect shortages and rising costs of labor and raw materials, Hai said.    [FULL  STORY]