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Lite-On Technology Reports Consolidated March Sales of NT$18.39B
April 11, 2016 | Lite-On TechnologyEstimated reading time: Less than a minute
Lite-On Technology has reported March consolidated revenue of NT$18.39 billion ($568.9 million), up by 31% month-on-month and by 1% year-on-year. Cumulative sales from January to March totaled NT$49.81 billion ($1.54 billion).
The Optoelectronics business segment contributed 23% of Lite-On’s overall revenue, and achieved a revenue increase of 43% MoM in March. Strong demand has pushed the LED vehicle lighting segment toward a revenue growth of 30% YoY.
The IT business segment, which accounted for 48% of sales, achieved a revenue growth of 36% MoM and 3% YoY, of which, clouding computing application products posted continuous revenue growths year-on-year, driven by delivery growth of server and networking power management systems and high-end server enclosure.
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