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Lite-On Technology Posts 6% Decline in 1H2015 Revenue
July 13, 2015 | Lite-On TechnologyEstimated reading time: 1 minute
Taiwan-based EMS firm Lite-On Technology has reported June consolidated revenues of NT$17.73 billion ($570.66 million at $1:NT$31.07), up by 6% from the previous month, but down by 12% year-on-year. The company attributes this to the impact of global slowdown in ICT end-market demand in the first half of this year. Cumulative sales for January to June totaled NT$103.21 billion ($3.32 billion), down by 6% compared to the same period last year.
The optoelectronics business segment contributed 23% of Lite-On's overall revenue. Thanks to the smooth delivery of LED street lighting in North America and Asia, coupled with increasing demand for vehicle lighting, the company's LED components and lighting products revenue continued to grow. The IT business segment, which accounted for 51% of sales, achieved a revenue growth of 11% on-month and 1% YoY. The power systems business posted flat June revenue, driven by the increases in global demand for server power management systems in cloud computing applications and mobile devices.
Meanwhile, thanks to ongoing market share gains as well as delivery growth, Lite-On's HIS (Human Input Solutions - PC Keyboards and Peripherals) business posted a 10% YoY revenue growth for June. The multi-function peripherals division achieved a similar growth, fueled by ongoing market share gains as well as the delivery growth of its laser models.
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