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Passive component suppliers Chilisin, Holy Stone post mixed results for January

Eileen Chen, Taipei
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Passive component suppliers Chilisin Electronics and Holy Stone posted mixed results for January 2014. Chilisin saw its revenues grow by a double-digit rate in the month, while Holy Stone suffered an 8% sequential revenue decline.

Chilisin posted revenues of NT$334 million (US$11.02 million) for January, up 19% from the previous month and unchanged from a year earlier.

Shipments of new products and strong orders from networking device and STB makers contributed to sequential revenue growth in January, Chilisin said.

Holy Stone saw its revenues slide 7.9% on month and 1.02% on year to NT$1.24 billion in January.

Sales of core products at Holy Stone remained strong in January, but a decrease in non-operating income caused a slight setback in revenues for the month, according to industry sources.

Article translated by Steve Shen