Taiwan-based LED maker Unity Opto Technology has raised it financial forecast for this year on a strong first-half performance and steadily growing gross margins, according to a recent company filing with the Taiwan Stock Exchange (TSE).
The company had revenues of NT$958 million in the first half, reaching about 41% of its original forecast for the year, with pre-tax profits soaring to NT$400 million, about 87% of its full-year forecast. As a new product mix has helped increase gross margins, the company has raised forecast for gross profits, operating profits and pre-tax profits by 19%, 15.6% and 44.1%, respectively.
|
Unity Opto Tech: Financial forecasts in 2004 (NT$m) | |||
|
|
Original |
Revised |
Change |
|
Sales |
2,326 |
2,330 |
0.2% |
|
Gross profits |
553 |
658 |
19.0% |
|
Operating profits |
397 |
459 |
15.6% |
|
Pre-tax profits |
458 |
660 |
44.1% |
Source: TSE, compiled by DigiTimes, August 2004.
Article translated by Carrie Yu and edited by Michael McManus
