Chip resistor supplier Ralec Electronic saw its revenues rise 10% sequentially to a record high of NT$809 million (US$27.56 million) in the third quarter of 2013, powered by shipments of chip resistors for LED lighting applications.
However, September revenues of NT$253 million were lower than expected as some clients delayed shipments to October, according to the company.
Despite off-season effects in the fourth quarter, Ralec is expected to see its shipments of chip resistors to the LED lighting industry remain steady in the quarter, according to industry sources.
Ralec is likely to post an EPS of NT$1 in the fourth quarter, bringing its EPS for all of 2013 to NT$4.70, the sources estimated.
Ralec posted revenues of NT$2.14 billion in the first three quarters of 2013, increasing 14% on year.
