Passive component vendor Yageo has disclosed net profits of NT$15.06 billion (US$491.9 million) for the first half of 2018, with EPS reaching NT$42.95.
Yageo reported consolidated revenues increased 74.6% sequentially and 159.4% on year to NT$19.25 billion in the second quarter of 2018, while gross margin climbed 12.7pp on quarter and 35.6pp from a year earlier to 64.1%. The company generated operating profits of NT$10.73 billion in the second quarter, with operating margin rising 13.4pp sequentially and 36.3pp on year to 55.8%.
Yageo posted net profits of NT$10.8 billion in the second quarter of 2018, with EPS coming to NT$30.80.
Yageo's consolidated revenues totaled NT$30.27 billion in the first half of 2018, up 112.6% from a year ago, while gross margin surged 33.2pp on year to 59.5%. The company generated operating profits of NT$15.5 billion in the first half of 2018, with operating margin rising 34.2pp from a year earlier to 50.9%.
Tight supply of MLCCs and rising prices of the component led to Yageo's positive performance during the first half of 2018. Yageo expects its MLCC supply to remain tight, while chip resistor demand for the emerging IoT, automotive electronics and 5G applications is set to enjoy rapid growth.
Market watchers expect Yageo to see its 2018 profits hit a record high with gross margin for the year topping 65%.
Article translated by Jessie Shen
