The company’s financial data showed that consolidated revenue totaled NT$5.45 billion (US$187.79 million) in the second quarter,led high bay light up 27.76 percent from the previous quarter, the company’s financial data showed.
In contrast, the company’s net profit dropped 7.41 percent from the previous quarter to NT$425.86 million, or NT$1.03 per share, in the April-to-June period, as its consumer electronics business — the sector with the highest gross margin — slowed on slackening demand.
Company spokesman Liu Pang-yen analysised “The weakening consumer electronics business led to a lower gross margin in the second quarter, further dragging down the company’s net profit.” The company’s led linear high bay light gross margin stood at 24.8 percent in the second quarter, down from 25.9 percent in the January-to-March period, its data showed.
Liu expects Everlight Electronics’ third-quarter revenue to decline by 10 percent from the previous quarter on lower prices of products led by weakening market demand.
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