Taiwan-based LED optical lens maker Ledlink reported first-quarter consolidated revenues of NT$227 million (US$7.7 million), down by 7.21% on quarter but up by 31.55% on year. The gross margin in the first quarter was 43.34%, lower than the gross margin of 51.5% reported in the fourth quarter of 2012.
First-quarter net profits were NT$22.71 million, down by 48.86% compared to the fourth quarter of 2012.
Ledlink noted that due to fewer working days and an increase in equipment at the Yangzhou plant from 120 sets to 160, the overall production cost increased and affected the gross margin.
Ledlink also reported consolidated revenues of NT$99 million in April, representing an on-month increase of 11.34%.
Market observers predict Ledlink to see capacity utilization rate rise to 85-90%. In addition, as the Yangzhou plant begins production in the second quarter, gross margin is likely to increase and net profits may reach NT$60 million. The observers estimate that Ledlink will see quarterly revenues peak in the fourth quarter.
