LED package manufacturer Ledtech benefited from low temperature lighting orders. The company's 3Q consolidated revenue reached NT $471 million (US $16 million), a rise of 18.73 percent compared to 3Q last year. Gross profit margin for the quarter reached 29.36 percent with costs dropping from 18.04 percent in 2Q to 17.24 percent. Net profit before tax was NT $59.82 million for 3Q, with NT $0.51 EPS before tax.
Ledtech accumulated revenue for the first three quarters of this year reached NT $1.344 billion, a growth of 6.3 percent compared with the year before. Gross profit margin reached 30.04 percent and costs dropped 18.18 percent. Profit before tax was NT $160.92 million, with an EPS before tax of NT $1.01, a growth of 4.6 times that of the same period last year.
Although, 3Q is traditionally a slack season, an approved report by the company's accountant showed that the 3Q operation performance was outstanding. Aside from this year's 3Q revenue reaching a record high for a single quarter, gross profit margins were continuously maintained at high levels. In addition to continual cost falls, profits also reached a record high for a single quarter.
Aside from maintaining orders from the Chinese white good market and long term orders from European low temperature lighting market, the company's set up of business strategies in Central America, Europe, and emerging markets in South-East Asia have been recently approved. The company is continuing test run orders in these regions, and has received official orders from these markets. At the same time, high added value and high efficiency LED COB modules and products have already begun mass production and shipment.
