Lite-On Technology (2301) reported 3Q worldwide consolidated sales of NT$31.86 billion, up 20% YoY, while posting a net profit of NT$2.53 billion with EPS of NT$1.14.

Total sales from January through September of 2010 hit NT$92.88 billion, up 35% YoY. Meanwhile, operating profit and net profit reached NT$5.67 billion and NT$6.8 billion respectively, with accumulated EPS of NT$3.05 increasing a remarkable 50% YoY. In 3Q10, The Company’s gross margin and operating margin reached 13.9% and 6.7%, up 0.9% and 0.4% QoQ, respectively. Lite-On’s net cash position held steady at NT$11.9 billion, after its recent cash dividend distribution of NT$5 billion. Non-operating items posted a net income of NT$508 million in3Q, with Perlos’ Q3 sales reaching €138 million, up 12% YoY. Perlos' gross margin and operating margin posted 12.8% and 4.7% respectively and net profit was €2.2million.

All of Lite-On’s core business units showed steady growth sequentially, with the Camera Module, Optoelectronics (LED), HIS (Human Input Solutions–PC keyboards and peripherals) and Power Supply business units posting growth of 86%, 34%, 28% and 12% YoY respectively, while all of hit new record quarterly highs.   

Looking forward 4Q, Stable business and margins are expected to growth flatly. Also Perlos’ revenues will continue grow. Meanwhile, the JV which is a subsidiary of Perlos will start mass production.