Optical film maker Wah Hong Industrial has reported consolidated revenues of NT$954 million (US$32.2 million) for November, increasing 6.42% sequentially but decreasing 6.78% on year. Consolidated revenues for January-November dipped 1.99% on year to NT$10.387 billion.
The sequential growth for November was mainly due to increased shipments of reflection sheets and composite film to China-based LCD TV vendors and brightness enhancement film and diffusion film to IT vendors, Wah Hong said.
Wah Hong will see consolidated revenues for fourth-quarter 2013 slip 5-10% sequentially, according to market analysts. Wah Hong has become a supplier for Sharp and Sony and is expected to see orders from more Japan-based vendors in 2014.
Article translated by Adam Hwang
