Lite-On optimistic about revenue growth for year

CONSIDERED:Building plants and developing an ecosystem for manufacturing is expensive, Lite-On said, dismissing Trump’s push to move industry to the US

Taipei Times
Date: Jan 12, 2017
By: Lisa Wang / Staff reporter

Electronics parts maker Lite-On Technology Corp (光寶科技) expects revenue to grow by a single-digit percentage this year, attributed to rising demand for units used in cloud-computing servers, high-end camera modules and LED lighting, company executives said yesterday.

“These three products are likely to account for 30 percent of the company’s overall revenue this year, up from about 20 percent last year,” Lite-On said.

“Growth of the company’s bottom line is likely to outpace revenue growth this year, as Lite-On has been focusing on developing new and higher-margin products,” chief executive officer Warren Chen (陳廣中) told a media briefing yesterday.

“We recorded 6 percent annual growth in revenue last year, which is an uphill battle for same-scale companies like Lite-On to achieve,” Chen said. “We expect to see mild growth this year, too.”    [FULL  STORY]

Leave a Reply

Your email address will not be published. Required fields are marked *

I accept the Privacy Policy

This site uses Akismet to reduce spam. Learn how your comment data is processed.