Knocking Down the Bone Pile: Revamp Your Components with BGA Reballing
Global Sourcing Spotlight: Balancing Speed and Flexibility Without Sacrificing Control
SMT Perspectives & Prospects: Artificial Intelligence Part 6: Data Module 1
Lite-On Technology Reports 1Q 2016 Net Profit of NT$1.7B
May 16, 2016 | Lite-On TechnologyEstimated reading time: Less than a minute
Lite-On Technology has reported first quarter consolidated sales of NT$49.84 billion, attributable to stable market growths from cloud computing, storage and LED/lighting applications. Thanks to better product mix and operational efficiency, gross margin and operating margin were 13.2% and 4.1%, up by 0.7% year-on-year and 0.8% year-on-year, respectively. Operating profits reached NT$2.04 billion, up 19% YoY, while net profit totaled NT$1.71 billion with EPS of NT$0.74, up 4% YoY. Meanwhile, the net cash position reached NT$26.9 billion through aggressive working capital management, coupled with a positive free cash flow generated from operation.
The opto-electronics segment, which accounted for 23% share of total sales, posted a revenue decline of 11% YoY. The LED components and vehicle lighting sectors posted steady growths.
The IT business segment accounted for 47% of total revenue, of which the cloud computing business posted continuous revenue growths year-on-year, driven by delivery growth of server and networking power management systems and high-end server enclosures.
Lite-On’s storage business accounted for 20% of revenue. Thanks to increased demands from cloud computing as well as other storage applications, the segment posted a revenue growth of more than 20% YoY in the first quarter.
Sequential growth in operational performance is expected in the second quarter.
Share on:
Testimonial
"Your magazines are a great platform for people to exchange knowledge. Thank you for the work that you do."
Simon Khesin - Schmoll MaschinenSuggested 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.