Lite-On Technology Reported October Revenue of NT$15.6 B

Lite-On Technology reported its global consolidated October revenue of NT$15.6bn, increasing at 6% MoM and 37% YoY, breaking the historical high of Lite-On Technology. Revenue accumulated year-to-date totaled NT$133.5bn, growing at 63%YoY.

Digital Display products, including CRT and LCD monitors, LCD TV and projectors, shipped around 800K in October. Digital Display revenue was NT$6.9bn, increasing 9% MoM and 33% YoY.

Power Supply product October revenue was NT$2.0bn, increasing mildly at 3% MoM and 24% YoY.

Imaging product revenue declined gently at 3% MoM to NT$1.9bn, though 34% YoY growth. Weakening sales is a result of the cyclical nature of the customer’s business. Phone camera module shipment continued on for another monthly record high.

LED product revenue was NT$697mn, decreasing 5% MoM due to the softening end-market demand, though increasing 29% YoY.

Revenue of other products including PC systems, keyboards, networking equipment and wireless handsets was NT$4.1bn, constituting 26.5% of total revenue. Handset shipment continues to rise on the back of growing contribution from the new customer with October shipment reaching 800k.