2013-08-19

Lite-On's Net Profits in the Second Quarter Soars by 42% Q-o-Q

Lite-On Technology reported second quarter 2013 consolidated revenue of NT$50.01 billion, up 7% Q-o-Q. Thanks to a better product mix, operating efficiency and higher scale of profitable products, the gross margin and operating margin in the second quarter were 14.8% and 4.8%, with sequential growths of 0.1% Q-o-Q and 0.6% Q-o-Q respectively. Net profits in the second quarter reached NT$2.24 billion with a growth of 42% Q-o-Q, and an EPS of NT$ 0.98. Despite ICT market declines, Lite-On's core business units’ Q2 sales continued to gain momentum, with...
Continue reading

Signify, the world leader in lighting, announces that Kwekerij Bolleboom in Bleiswijk and Kwekerij Bazuin in Pijnacker in the Netherlands are investing in Philips GreenPower LED toplighting force elite and Philips GrowWise control for their cu... READ MORE

Cree LED®, a Penguin Solutions brand (Nasdaq: PENG), and Promier Products, Inc. today announced that they have reached a mutually beneficial settlement resolving a patent infringement dispute involving Cree LED’s patents related to L... READ MORE