Lite-On reports a record quarterly net profit of NT$4.26bn :

Lite-On reports a record quarterly net profit of NT$4.26bn


Lite-On reports a record quarterly net profit of NT$4.26bn
By Angelica Oung / Staff reporter
Electronic components supplier Lite-On Technology Corp (光寶科技) on Thursday reported a record quarterly net profit of NT$4.26 billion (US$152.42 million) in the quarter ended March 31, surging 171 percent year-on-year from NT$1.57 billion driven by stable customer demand.
Earnings per share rose to NT$1.83.
Revenue expanded 26 percent year-on-year to NT$37.72 billion last quarter.
The company attributed the record quarter to stable growth of optoelectronics, automotive electronics, cloud computing, artificial intelligence of things (AIoT), notebook, PC and gaming products.
Gross margin climbed to 17.8 percent last quarter from 14.5 percent in the same period last year, the best performance since the first quarter of 2015, company data showed.

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