Everlight Has Won a Big Harvest with Its 2011 After-Tax Net Income of Nt$1.3 Billion

Everlight has won a big harvest with its 2011 after-tax net income of NT$1.3 billion (US$43.5 million at US$1:NT$30), or NT$3.14 per share. According to the company, in the fourth quarter of 2011, it received pretax earnings of NT$138 million (US$4.6 million), operating income of NT$208 million (US$6.9 million), and gross profitNT$760 million (US$25 million) on revenue of NT$3.96 billion (US$132 million). And the company has decided to pay shareholders cash dividend of NT2.5 per share from 2011 earnings. Based on the harvest, it is recognized as one of the island’s few LED makers able to make profits at a time when the market remained anemic as a result of oversupply worldwide. Everlight executives estimated the company’s capacity utilization ratio would pick up quarter on quarter in 2012 to full capacity in the third quarter thanks to increasing penetration of LCD TVs lit by LED backlights and growing market of LED lighting. While staying profitable, the company had decreased utilization capacity ratio in the fourth quarter in 2011. Since 2011, the company has centered on promoting its own-brand LED lighting fixtures and won contracts to supply LED streetlights to mainland China provinces of Guangdong, Jiangsu, Sichuan, and Hebei. Lighting sales are estimated to account for around 10% of the company’s 2012 revenue. Source: www.ledinside.com