BOOMING INDUSTRY:Iron Force also reported a rise in its September sales, as auto parts suppliers continue to see growing demand from their customers in China
Date: Oct 11, 2016
By: Kuo Chia-erh / Staff reporter
Laster Tech Corp Ltd (麗清科技), the nation’s leading auto parts supplier, reported a significant annual increase in revenue for last month, backed by robust demand in China.
Laster posted consolidated sales of NT$400 million (US$12.71 million) for last month, soaring 83 percent from the same period last year, the company said in a filing with the Taiwan Stock Exchange.
In the third quarter, total revenue jumped 42 percent to NT$856 million from the same period last year, the largest annual growth in quarterly revenue in the company’s history, company data showed.
From January to last month, Laster saw its sales increase 21 percent to NT$2.36 billion on a yearly basis, the data showed. [FULL STORY]