Harvatek to be No. 2 Taiwan LED Maker in EPS for 1st Half 2008

It’s reported that Harvatek Inc., a Taiwan supplier of SMT chip LEDs, scored net profits of NT$0.9 per share for the first half of this year to be the No.2 supplier of this kind on the island, with increasing sales of its LED applications for notebook PCs.

Besides, Harvatek posted July revenue of about NT$250 million, sharply up 25% from a month earlier. The company is even expected to see a double-digit growth in its third-quarter revenue, due partly to a seasonal boom and partly to growing orders for its LEDs used in notebook PCs.

Harvatek posted net profits of NT$0.58 per share and a gross profit rate of 29% in the first quarter of this year, and the company optimistically projects its second-quarter gross profit rate to be maintained at over 20%.

Recently, Harvatek has tried to shift its focus to sales of LEDs applied in notebook PCs from models for mobile phones, and thus landed quite a few orders for blue and white LEDs used in keyboards of notebook PCs. an LED keyboard is an increasingly popular application for LED for notebook PCs, the product will most likely be the main driver of growth for Harvatek`s business operations in the future. At the moment, the company`s sales of this kind contribute 10% to the total, and are expected to further surge in the third quarter.

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