Wellypower consolidated revenues for 3Q10 totaled NT$2.27 billion

Recently, CCFL lighting maker Wellypower Optronics’3Q10 revenues made a new record. The consolidated total revenues went up NT$2.27 billion, gross profit was NT$270 million with a 12% gross margin. Also, pure income reached NT$171 million (US$5.53 million), up 694% sequentially, EPS was NT$1.01, and operating incomer was NT$142 million.

Wellypower introduced, affected on inventory adjustment in the end-market for LCD panels, consolidated revenues for 3Q had down 1% sequentially. But be benefit from proper control of its costs and product mix amid increasing shipments for large-size products, the company’s gross margin had up to 12% and net profits had a 694% sequential growth.

For LED packaging in the company, it can produce 120 million units with about 70% utilization and ship80 million units every month. Also, Wellypower planed to start capacity expansion in 2011, and the company currently was evaluating the scale for capacity expansion.

Until at the end of 3Q, revenues for LED business had reached NT$1.2 billion, accounting for 53% of its total revenues. But for 4Q revenues, the company thought it would slip slightly compared to 3Q.

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