Lite-On Technology held its 2013 annual general meeting on June 19, during which the shareholders approved Lite-On's results in 2012 and distribution of a NT$2.4 dividend per common share. Of that sum, the cash and stock dividend portions will be NT$2.35 and NT$0.05 per share respectively. The payout ratio and cash dividend yield are 72% and 4.8%, in line with the company's historic high and stable payout ratio. Meanwhile, approval was also granted for the election of Mr. Kuo-Feng Wu, Mr. Harvey Chang and Mr. Edward Yang to serve as independent directors.
Global demand for personal computers (PC) slowed down in 2012 leading to Lite-On's rapid shift in its product portfolio strategy towards cloud-computing products including high-end servers, data center and networking, and mobile devices. With the steady increase in demand in the global market, we have not only achieved outstanding results in overall sales revenue but also saw steady growth in net profit. Lite-On managed to continue its stellar operating performance achieving global consolidated revenue of NT$216.05 billion with a net profit after tax of NT$7.53 billion, representing a 4% growth from last year. The annual earnings per share (EPS) reached NT$3.33.
