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LITEON Technology Reports 2021 Nine-Month Net Profit of NT$11.38 Billion

LITEON Technology Reports 2021 Nine-Month Net Profit of NT$11.38 Billion
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Lite-On predicts 10% revenue increase

Electronic components supplier Lite-On Technology Corp (光寶科技) yesterday said it expects revenue to grow at a quarterly pace of 10 percent this quarter, thanks to shipment delays of some automotive devices, computers and consumer electronics due to key component shortages. The company’s revenue last quarter grew to NT$41.86 billion (US$1.49 billion) its highest level in about seven quarters. “The fourth quarter is normally an off-season . but the third quarter [revenue] was affected by component and material shortages. We believe it should be okay to [expect] 10 percent revenue growth in the fourth quarter,” Lite-On president Anson Chiu (邱森彬) told investors

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LITEON Joins the O-RAN Alliance and Launches 5G Small Cells

LITEON Joins the O-RAN Alliance and Launches 5G Small Cells
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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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