Qisda March revenues hit record

Rebecca Kuo, Taipei; Adam Hwang, DIGITIMES Asia 0

Qisda chairman and CEO Peter Chen. Credit: DIGITIMES

EMS provider Qisda has reported consolidated revenues of NT$22.45 billion (US$777.27 million) for March, the highest-ever monthly level with growth of 25.63% sequentially and 19.67% year-on-year.

Qisda begins second-stage operational transformation toward high value products in 2022, aiming to have them take up over 50% of total operating profit.

Impacts of the pandemic are easing, company chairman and CEO Peter Chen said. However, problems concerning oil and material price hikes will be increasingly serious if the Russia-Ukraine war drags on, Chen noted.

Qisda posted consolidated revenues of NT$60.866 billion for first-quarter 2022, hitting the second-highest-ever quarterly level next only to NT$61.884 billion recorded for the preceding quarter and increasing 19.57% year-on-year.

Fellow maker Lite-On Technology has reported consolidated revenues of NT$15.147 billion (US$531 million) for March, increasing 30.69% sequentially and14.42% on year.

Of the revenues, 49% came from IT product lines and consumer electronics; 20% from optoelectronics product lines; and 31% from devices used in cloud computing, data centers, servers and others, Lite-On indicated.

Lite-On posted consolidated revenues of NT$41.232 billion for first-quarter 2022, slipping 7.49% sequentially but growing 9.32% year-on-year.