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Wednesday, November 05, 2003
Lite-On Technology October revenues hit record high


Boosted by shipments of LCD monitors, Lite-On Technology said its revenues hit a second consecutive monthly high, rising 14% sequentially to NT$11.48 billion in October, according to Digitimes.

Including revenues of its 74%-owned subsidiary Silitech and 69.85%-owned subsidiary Lite-On IT, the company’s preliminary global consolidated revenues amounted to NT$16.01 billion in October, up 13% from a month earlier and up 20% from a year earlier, the company said in a statement.

Lite-On said it shipped a record 353,000 LCD monitors last month, compared with the previous high of 268,000 units in September.

The company also delivered 421,000 handsets in October, up 6% from 395,000 units shipped in the previous month. Its handset shipments in the fourth quarter are expected to reach 1.5 million units. The company shipped 1.015 million handsets in the third quarter.

The company has appointed Andrew Lin as its new CFO and spokesperson, replacing Ignatius Wei, who was reassigned to head the firm’s telecommunications division in early October. Lin previously served as CFO of ABN AMRO Asset Management (Taiwan).


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