Lite-On Technology (2301-tw) today reported the third quarter 2015 consolidated revenue of NT$56 billion, up 8% Q-o-Q. Thanks to the sequential growth of Cloud Computing, Opto-electronics, Power Management, Mobile and Gaming related products, the third quarter revenue hit a record high in the year. The gross margin and operating margin improved to 12.9% and 4.3%, up 0.6% Y-o-Y and 1.2% Y-o-Y respectively, driven by better product mix, higher scale and operational efficiency while operating margin hitting a 7-quarter record high, resulting in net profits of NT$1.64 billion with EPS of NT$0.71. Meanwhile, BOD has approved the capital reduction of the 22,787,000 shares buyback in the third quarter to further enhance the shareholders’ value, which is equivalent to 0.97% of stake.
The Optoelectronics business segment contributed a 24% share of Lite-On’s sales in the third quarter with a 6% quarterly growth. Thanks to the uplifted demand from consumer electronics, mobile devices and ongoing market share gains in smartphone and tablet PCs, coupled with delivery growth in high-end camera modules, the revenue of camera module posted a growth of over 10% Q-o-Q.
The Information Technologies accounted for 50% of sales, with a 10% quarterly growth, of which, Power System revenue hit a record, resulting from increases in global demand for networking devices and server power management systems in cloud computing, mobile devices and game consoles.
The Storage business accounted for 16% of revenue, delivered a 14% quarterly growth, mainly driven by increased demand for game consoles.
Cumulated sales from January through September 2015 posted a revenue of NT$159.18 billion with gross margin and operating margin of 12.7% and 3.6% respectively, and cumulative profits before tax were NT$6.55 billion, up 15% Y-o-Y, while net profits totaled NT$ 4.72 billion with EPS of NT$2.03. Meanwhile, net cash reached NT$19.1 billion through aggressive working capital management after the distribution of cash dividend and employee bonus in the third quarter.
Stable business development is expected in the fourth quarter, supported by Cloud Computing, Opto-electronics and Power Management, coupled with sequential improvements in operating performance in the second half of 2015.
Press Contact:
Julia Wang,
Senior Director of IR/PR
+886-2-8798-2888
Liteontech.IR@liteon.com