The Knowledge Base: The Era of Advanced Packaging
Standard of Excellence: Finding and Developing Future Leaders in Manufacturing
Global Sourcing Spotlight: Navigating the Variables of Holiday Schedules in Global Sourcing
Lite-On Technology Reports 6% Growth in 2016 Sales
January 9, 2017 | Lite-On TechnologyEstimated reading time: Less than a minute
Lite-On Technology has reported December consolidated revenue of NT$21.39 billion ($667 million), up by 12% year-on-year, and marking a second monthly record high in 2016. Thanks to stable market demand, cumulative sales for 2016 reached NT$229.54 billion ($7.16 billion), up by 6% YoY. Fourth quarter revenue reached NT$63.27 billion ($1.97 billion), an increase of 1% over the previous quarter, and up by 10% compared to the same period in the previous year.
Lite-On’s optoelectronics segment, which contributed a 26% share of Lite-On’s overall revenue, posted approximately 20% revenue growth in December.
The IT segment, which accounted for 51% of total sales, went up by 10% YoY, mainly driven by shipment growth of cloud computing products, on the back of increased sales of high-end server and networking power management systems as well as high-end server enclosures.
Finally, the storage business segment improved by 20% as a result of increased demand for storage devices.
Share on:
Suggested Items
LITEON Technology Strengthens Governance of the Board
08/31/2021 | LITEON TechnologyLITEON Technology held its 2021 annual general meeting, during which the shareholders passed the distribution of a NT$3.4 cash dividend per common share, a record DPS, in line with the company’s high and stable dividend policy.
Lite-On Technology Reports June Sales of $642M
07/20/2018 | Lite-On TechnologyLite-On Technology sustains its record revenue growth in 2018 with a June consolidated revenue of NT$19.64 billion ($641.9 million), up by 6% month-on-month and by 1% year-on-year.
Lite-On Technology Reports 11% YoY Revenue Growth in May
06/08/2018 | Lite-On TechnologyLite-On Technology has reported May consolidated revenues of NT$18.49 billion, up 12% month-on-month and 11% year-on-year, hitting a record high in 2018.
Lite-On Tech to Showcase Automotive Electronics at CES 2018
12/26/2017 | DigitimesEMS provider Lite-On Technology will showcase in-house-developed automotive electronic devices at the upcoming CES 2018 event in Las Vegas.
Lite-On Technology November Sales Down 13% YoY
12/15/2017 | Lite-On TechnologyLite-On Technology has reported November consolidated revenue of NT$18.53 billion ($616.96 million), up by 5% month-on-month and down by 13% year-on-year.