Although Lite-On has good order visibility for the third quarter, Chen expressed doubts about its future performance. “Nevertheless, the second half would be better than the first half, as we would have more working days,” he said. However, Lite-On saw sales plummet again by 7.3 percent year-on-year last month, as demand from the US shrank. Lite-On has resumed operations at its plants in Mexico and Brazil, while its Indian plant remains partially closed, Chen said. The company’s shareholders yesterday approved a cash dividend distribution plan of NT$3.2 per common share, representing a payout ratio of 79 percent based on earnings per share of NT$4.03 last year.

Source: Taipei Times June 15, 2020 15:56 UTC