Lite-On Technology (2301-tw) today reported March consolidated revenue of NT$18.39 billion, up 31% M-o-M and 1% Y-o-Y which growths were attributable to healthy order intakes of the cor e business. Cumulative sales for January and March totaled NT$49.81 billion.
The Optoelectronics business segment contributed a 23% share of Lite-On’s overall revenue, and achieved a revenue increase of 43% M-o-M in March. Thanks to the increased demands, LED vehicle Lighting enjoyed a revenue growth of 30% Y-o-Y while LED components ongoing market share gains, resulting in overall LED related business continued to grow year-on-year.
The Information Technologies business segment accounted for 48% of sales with revenue growths of 36% M-o-M and 3% Y-o-Y, 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.
The Storage business segment accounted for 19% of total revenue with a sales growth of 30% Y-o-Y, as a result of increased end-market demands.
Contact:
Julia Wang
Senior Director,
Investor and Public Relations
Tel: +886-2-8798-2888
LiteOnTech.IR@yizhaojr.com