Unity Opto Announced Revenues in March Was NT$400 Million

LED packaging firm Unity Opto announced revenues in March was NT$400 million (US$13.55 million), a monthly growth rate of 28%, while the company's consolidated revenues came to NT$420 million, a monthly increase of 20%. Unity Opto said that orders are increasing due to backlighting products' terminal inventory returning to safe levels and new products being released. Firms throughout Taiwan, China, Europe and the US are all increasing orders, added the company. Unity Opto's revenues in this year's first quarter totaled NT$995 million with consolidated revenues at NT$1.6 billion. The company noted that LED firms are reviving and that the toughest times have passed and it predicts that backlighting products including applications for new TVs and touch tablets will see increasing shipments throughout the second quarter. Unity Opto said that its monthly revenues have almost doubled each month this year so far, and that the penetration rate for TV backlighting will reach 65-70% from 40% last year. LED TVs made up 50% of the overall penetration rate for TVs at the beginning of this year but that number is estimated to reach 80% by the end of the year, added the company. The company also estimates that LED products will be in even more demand during the second quarter as companies release their new products. Source: www.digitimes.com