Lite-On to Challenge 20%-plus Growth in Revenue and Profits for 2012

Taipei, June 25, 2012 (CENS)--Buoyed by robust sales growth of high-tech products worldwide, Lite-On Technology Corp., a large-sized maker of electronic parts and components in Taiwan, is confident of challenging a growth of over 20% in both revenue and profits for 2012, according to the chairman Raymond Soong.

Soong indicated that global demands for high-end servers, cloud-related services, tablet PCs and smartphones have shown robust growth potential so far this year, prompting his company to step up expanding business reach to these fortes from the ordinary PC segment to build sustainable development.

Presently, Soong continued, Lite-On is mainly engaged in power management products and optoelectronics, which together contribute over 60% to its combined annual revenue. Of the conglomerate's products, optoelectronic parts are likely to post a significant revenue growth of 20% this year, while sales of power supplies will also grow steadily.

Soong said that the company's optimism about an auspicious 2012 is driven by its banner operating performance in the first quarter, when its sales of major products, such as high-end camera modules and PC peripherals, all sharply surged over 30% year-on-year.

Optoelectronics like LEDs are expected to infuse growth momentum into Lite-On's business in the remainder of the year, as company executives confirmed that customers' orders for lighting-used optoelectronics have significantly increased since the beginning of the second quarter, thanks to its product strategy focused in the segment for lightings having paid off.

The executives furthered that Lite-On has closely cooperated with global large-sized suppliers on development of high-brightness, high-power LED lighting modules for a while, and actively unveiled its new products at global trade fairs to boost its profile in the green-energy segment.

For 2011, this company reported combined revenue of NT$230.52 billion, up 2.06% from a year earlier, with net profits of NT$7.226 billion and EPS (earnings per share) of NT$3.22.