Lite-On Technology posted its first monthly financial report since the completion of the merger of four of its businesses. The company reported NT$9.118 revenues in November, down from NT$10.159 billion in October, citing lingering effects from the US West Coast port labor dispute and elimination of internal sales after the merger.
To cope with the West Coast port lockout, some of Lite-On’s clients raised inventories since October, resulting in lower demand in November for ocean-shipped goods such as power supplies, monitors, printers and multi-functional peripherals (MFPs), the company said. Also, anticipating falling panel prices, some clients also increased orders of 17-inch TFT LCD panels in October. The move has led to smaller LCD monitor shipment value in November, despite shipment volumes being roughly the same in October and November.
Still, the company said November sales were above average and expects to see a similar figure in December
The company shipped 980,000 mobile phones in November, up 23% from 800,000 units in October. The company is projected to ship over one million units in December.
In its fastest-growing business, the company earlier conservatively forecasted shipping eight million mobile phones next year, up from the four million units it expects to ship this year.
In November, the telecommunications sector contributed NT$2.063 billion, or 22.6%, to the company’s total revenues; the peripherals and components sector (including monitors, keyboards and power supplies) 50.1%; the printer business 15.6%; and new businesses about 11.5%.