Passive element vendor Yageo has reported sequential decreases in each revenues and income for the primary quarter of 2019, and stays cautious about its efficiency within the second quarter.
Yageo posted consolidated revenues of NT$11.39 billion (US$368.5 million) for the primary quarter of 2019, down 29.7% sequentially. Gross margin and working margin slipped 14.3pp and 1.8pp, respectively, on quarter to 44.8% and 26.3%, within the first quarter.
Yageo generated web income of NT$2.59 billion within the first quarter, down 39.5% sequentially. EPS for the quarter slid to a six-quarter low of NT$6.11.
Looking into the second quarter, Yageo has saved a cautious angle citing a continued slowdown in demand for shopper electronics functions from the Greater China market, in addition to ongoing stock changes at a few of its shoppers. Nevertheless, falls in Yageo’s product ASPs are slowing, stated the provider of MLCCs and chip resistors.
Yageo reported web income of NT$33.84 billion on consolidated revenues of NT$77.16 billion for 2018, with each outcomes setting document highs. EPS for the yr got here to NT$80.30.
