LITE-ON Technology Reports 2018 EPS of NT$3.42, up 203% Year-on-Year, Proposed Cash Dividend of NT$ 2.92 Per Share, with Cash Yield of 6.3%
LITE-ON Technology (2301-tw) today reported the fourth quarter of 2018 consolidated sales of NT$50.5 billion with gross margin and operating margin of 13.4% and 3.7%, while net profits were NT$2.5 billion, up 10% Y/Y with EPS of NT$1.08, attributable to yearly growth of Cloud Computing, Consumer Electronics, coupled with stable demand from Vehicle LED Lighting.
LITE-ON posted 2018 consolidated revenue of NT$207.1 billion, up 1% Y/Y, excluding the transferred mobile camera module business revenue, thanks to the growth from Cloud Computing and LED/Outdoor Lighting as well as product-mix improvement. The gross margin and operating margin were 13.1% and 3.6%, and net profits were NT$7.96 billion with EPS of NT$3.42, up 203% Y/Y. The net cash reached NT$33.2 billion through a positive free cash flow generated from operation.
Opto-electronics accounted a 21% share of total sales, as a result of the increased demand of invisible LED, ongoing market share gains in LED components and smooth delivery of vehicle lighting presented in 2018.
The Information Technologies business accounted for 58% of total revenue, of which, ongoing delivery growth of high-end server and networking power management systems and server enclosures for cloud computing, coupled with ongoing market share gains in HIS (Human Input Solutions - PC Keyboards and Peripherals) supported Information Technologies to deliver the yearly growth. Meanwhile, the Storage segment accounted for 16% of total revenue.
Looking ahead, our stable core-business development is expected in the first quarter of 2019, supported by Cloud Computing, Invisible LED/ Vehicle Lighting and AI Smart Home devices.
Meanwhile, LITE-ON's Board has proposed a 2018 cash dividend plan offering NT$2.92 per share. The dividend payout ratio and cash yield reached 85% and 6.3% respectively, maintaining a high and generous dividend policy.
Julia Wang, Sr. Director of IR/PR +886-2-8798-2888 LITEONTech.IR@liteon.com