Lite-On upbeat about year’s first half

WINNING COMBINATION:Lite-On chief executive officer Warren Chen said he expects cloud-computing and LED lighting segments to remain the firm’s main growth drivers

Taipei Times
Date: Mar 26, 2016
By: Lauly Li / Staff reporter

Lite-On Technology Corp (光寶科技) expects its business performance in the first half of this year to be better than the same period last year, supported by rising demand for its cloud-computing and LED lighting segments and a relatively lower base last year, a company executive said yesterday.

“The first half of this year is expected to be better than last year, while the second half of this year is to outperform the first half,” Lite-On chief executive officer Warren Chen (陳廣中) told an investors’ conference in Taipei, citing the company’s business performance pattern in the past few years.

Chen made the remarks after the company reported net income of NT$7.22 billion (US$220.35 million), or earnings per share of NT$3.11, for last year, up 11.76 percent from the previous year’s NT$6.46 billion, or NT$2.8 per share.

Lite-On investor relations senior director Julia Wang (王玉玲) said that thanks to improvements in supply-chain management and growth in the company’s core business, Lite-On’s gross margin grew by 0.75 percentage points to 13 percent last year.

The operating margin also increased by 0.91 percentage points annually to 4 percent last year, she added.     [FULL  STORY]

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