26 Apr '12, 12pm

Lite-On Technology posts net profits of NT$1.35 billion for 1Q12: Lite-On Technology has announced net profits o...

Lite-On Technology posts net profits of NT$1.35 billion for 1Q12 Siu Han, Taipei; Steve Shen, DIGITIMES [Thursday 26 April 2012] Lite-On Technology has announced net profits of NT$1.35 billion (US$45.72 million) or NT$0.60 per share for the first quarter of 2012. The company also plans to hand out dividends of NT$2.32 for 2011, including NT$2.27 in cash and NT$0.05 in shares. Although revenues for the first quarter of 2012 slid 5.7% sequentially to NT$27.41 billion, gross margin for the quarter reached 12.7%, an increase of 1.6pp from a year earlier, buoyed by a rebound of its LED production capacity in Thailand, the company noted. Shipments of high-end camera modules for smartphones and notebooks grew more than 30% on year in the first quarter, further pushing up the company's global market share in the segment. With its order visibility extending to one and a half months...

Full article: http://www.digitimes.com/news/a20120425PD217.html

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