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Radiant Opto-Electronics to See Sales Jump 30% in 2011

2011/05/04
Taipei, May 4, 2011 (CENS)--Radiant Opto-Electronics Corp., Taiwan's most professional manufacturer of backlight modules, will see overall sales increase by 30% to reach NT$63 billion this year.

Thanks to the increased shipments of tablet computers worldwide, Radiant will see substantial growth in sales of backlight plates this year. Radiant president P.J. Wang said his company will challenge sales of 90 million units of notebook backlight plates this year, up 60% year-on-year.

At an institutional investors meeting, Radiant said it scored outstanding sales performance in the first quarter of the year due to the firm tapping into the supply chain of Apple's iPad tablet computers. Radiant registered NT$15.2 billion in sales with average gross profit margin of 10.14% in the first quarter. The company posted NT$990 million in after-tax earnings, or NT$2.33 per share, for the quarter, hitting an all-time-high. The company will strive to keep gross profit margin at over 10% this year.

Despite a decline in orders from Japanese clients for television sets in April, the company anticipated its overall orders from the TV sector will recover in May or June. Its orders from the NB computer sector will grow quarter by quarter beginning from the second quarter and reach a peak in October.

Based on the core technology of guide plates, over the past few years Radiant has enhanced strategic cooperation with TFT-LCD (thin film transistor-liquid crystal display) manufacturers.

To meet influx of orders, Radiant has budgeted NT$2 billion to procure a new plant in Wujiang of Jiangsu province, China. Thanks to the increased production capacity of the new plant, the company will see monthly production capacity of NB backlight modules rise to five million units in the third quarter of this year from present four million units.
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(by Ben Shen)
 
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