Lite-On Technology Revenue Up in May 2014

Lite-On Technology’s (Lite-On) consolidated revenue from all subsidies and business sectors for May 2014 continued to grow due to rising end-market demands and market shares that have contributed to increase in company core products.

Compared to the previous month, the company’s total revenue for May 2014 including lighting, server, communication and memory business sector was up four percent to NT$ 19.69 billion (US $660 million), or a Year-on-Year 19 percent increase. Lite-On’s consolidated revenue for the first five months of 2014 grew 14 percent to NT$ 90.35 billion.

Lite-On’s optoelectronic division clinched 29 percent revenue shares, with LED components and lighting products benefiting the most from market application growth especially in IT application and rising market demands. The company’s overall revenue in May 2014 continued an upward climb, with continual expansion in camera modules and high-end products. Product shipments have also been successful. Under smartphone and tablets expanding market share, revenues YoY growth have doubled.

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