Realtek reports increased January revenues

Networking IC design company Realtek Semiconductor has reported consolidated revenues of NT$3.257 billion (US$98.3 million) for January 2016, representing increases of 12.65% on month and 16.15% on year.

Realtek expects non-PC products to drive the company's business growth in 2016. Realtek is also optimistic about growth of sales generated from the LCD monitor and TV sectors.

Realtek posted revenues of NT$9.24 billion in the fourth quarter of 2015, up 16.8% sequentially and hitting a record high. Gross margin climbed 1.1pp (percentage point) on quarter to 43.2%. The company generated net profits of NT$722 million, or NT$1.43 per share, in the fourth quarter.

For all of 2015, Realtek's revenues increased 1.5% on year to NT$31.75 billion, but gross margin slipped 1.45pp to 42.8%. Net profits for the year totaled NT$2.43 billion, or NT$4.81 a share.