POSITIVE OUTLOOK: The firm said it expects revenue and profit to increase this quarter due to solid customer demand and its recent acquisition of Kemet Corp
Date: Aug 12, 2020
By: Lisa Wang / Staff reporter
Passive components maker Yageo Corp (國巨) yesterday reported that its second-quarter earnings surged to the highest level in about one-and-a-half years, thanks to rising demand for high-capacity passive components used in 5G smartphones, servers and computers.
Net profit jumped 40 percent to NT$3.3 billion (US$111.75 million) during the April-to-June period, compared with NT$2.35 billion in the first quarter and NT$1.42 billion a year earlier.
Earnings per share climbed to NT$7.01, from NT$5.51 a quarter earlier and NT$3.34 a year earlier.
Gross margin rose to 44.3 percent, compared with 40.3 percent in the first quarter and 32.6 percent in the second quarter of last year. [FULL STORY]