LED-maker Lite-On breaks net profit record

The China Post
Date: February 25, 2017
By: Kuan-lin Liu

TAIPEI, Taiwan — LED manufacturer Lite-On Technology posted a record net profit of

This undated photo shows the exterior of the Lite-On building, center, in Taipei’s Neihu District. (Photo courtesy of Lite-On)

NT$9.42 billion last year, company officials said during an earnings conference on Friday.

The company revealed its financial performance for the fourth quarter last year and the year overall. Net profits reached NT$2.59 billion for the fourth quarter with EPS (earnings per share) of NT$1.1. Furthermore, gross margins for the quarter were 6.8 percent, while operating margins hit a company record quarterly high of 6.8 percent (a 1.7 percent year-on-year increase).

Officials credited the quarterly profits to “a better product mix and operating leverage,” evidenced in the NT$63.3 billion made in consolidated sales for the quarter, which marked a 10 percent increase over the same period the previous year.  [FULL  STORY]

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