Taiwan-based EMS provider Lite-On Technology posted a gross margin of 12.41% for the first quarter of 2014, the lowest quarterly level since the first quarter of 2008, the company announced at a May 13 investors conference.
Mainly due to Finland-based subsidiary Lite-On Mobile's large operating losses, Lite-On Technology saw first-quarter net EPS drop to an eight-quarter low of NT$0.62.
Of first-quarter 2014 consolidated revenues of NT$51.742 billion (US$1.71 billion), 43.1% came from components used in IT and networking/communication devices and MFPs (multi-function peripherals), 27.3% from LED lighting products, LED devices, imaging components and automotive electronics, 17.4% from optical disc drives and SSDs (solid-state drives) and 12.3% from structural components used in hand-held devices and other products.
| Lite-On Technology: Financial report, 1Q14 (NT$b) | |||
| Item | Amount | Q/Q | Y/Y |
| Consolidated revenues | 51.742 | (12.83%) | 10.64% |
| Gross margin | 12.41% | down 0.85pp | down 2.31pp |
| Net operating profit | 1.399 | (46.54%) | (28.91%) |
| Net profit | 1.428 | (43.31%) | (9.45%) |
| Net EPS (NT$) | 0.62 |
| |
Source: Company, compiled by Digitimes, May 2014
