Lite-On Technology has reported consolidated revenues of NT$216.05 billion (US$7.2 billion) for 2012 with net profits of NT$7.53 billion, an on-year growth of 4%. The firm plans to deal out a 2012 cash dividend of NT$2.35 and stock dividend of NT$0.05.
Lite-On Technology stated that global PC market demand was weak in 2012, hence the firm adjusted its product mix. The firm saw revenue growth in cloud computing applications such as high-end servers, telecom equipment and mobile devices.
Lite-On Technology believes global demand for cloud computing applications, mobile devices, LED lighting, and automobile electronics will continue growing in 2013 and the firm aims to optimize product mix to increase revenues and profits.
Leotek, a subsidiary of the Lite-On Group, recently landed street lamp replacement projects in Taiwan. Lite-On IT, another subsidiary, plans to begin volume production of LED light bulbs in the third quarter, according to the firm.
