Lite-On Tech Sees Decreased February Revenues

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Lite-On Technology has reported February consolidated revenue of NT$10.87 billion ($351.66 million), down by 7% year-on-year (YoY) and 30% month-on-month (MoM).

The IT business, which includes high-end server and networking power management systems for cloud computing, PC peripherals and multi-function peripherals, accounted for 64% of sales. The optoelectronics segment contributed an 18% share of total sales, of which, vehicle LED lighting posted a consecutive yearly growth. The storage segment accounted for 13% of total sales.

Cumulative sales for January and February totaled NT$26.48 billion ($856.56 million), up by 2% YoY.


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