Notebook battery maker Celxpert Energy saw its profits surge in the third quarter, thanks to seasonal demand and the growing popularity of netbooks, according to the company.
Celxpert's second-quarter net profits were only NT$20.9 million (US$638,360), but net profits for the third quarter soared to NT$236 million. Consolidated revenues for the third quarter totaled NT$2.6 billion, up 66.86% from NT$1.64 billion for the second quarter.
The company indicated that sales in the first half of 2008 were hit by battery cell shortages, but the shortages have eased in the second half of the year.
It said shipments have been boosted by battery orders catering to new Hewlett Packard (HP) notebooks, as well as the overall strong demand for netbooks.
Article translated by Rodney Chan
