INVESTMENT:The company has allocated US$300 million for capital expenditures this year, with most of it earmarked for new facilities and equipment purchases
Taipei Times
Date: Mar 18, 2016
By: Lauly Li / Staff reporter
Pegatron Corp (和碩) expects to grow its revenue by a low single-digit percentage this year
Pegatron chief executive officer Jason Cheng speaks at a news conference in Taipei yesterday. Photo: CNA
after reporting robust annual revenue growth of about 20 percent last year, company chief executive officer Jason Cheng (程建中) said.
“We hope to maintain the growth momentum, but the about 20 percent annual growth is a great challenge. I hope we could grow by a low single-digit percentage this year from last year,” Cheng told reporters on the sidelines of an investors’ conference.
Cheng made the remarks after Pegatron, one of Apple Inc’s iPhone assemblers, reported a record-high net profit of NT$28.87 billion (US$873.54 million) for last year, up 52.5 percent from the previous year’s NT$14.65 billion. [FULL STORY]
