SALES BOOST:Contributions from newly bought Eltek ASA and Delta’s power management segment helped increase the company’s Q3 income to US$180.2 million
Date: Oct 29, 2015
By: Lauly Li / Staff reporter
Delta Electronics Inc (台達電) yesterday reported a record profit last quarter, thanks to catalysts such as contributions from a newly acquired power system company and improved sales at its power management unit.
However, the nation’s top power supply maker did not offer sales guidance for this quarter, citing a law banning financial forecasts before the completion of fundraising at the end of the year.
Net income climbed to NT$5.89 billion (US$180.2 million) in the third quarter, up 1 percent year-on-year and 55 percent quarter-on-quarter, mainly due to sales contribution from newly bought Eltek ASA and that from its power management segment. [FULL STORY]