Lite On Semiconductor : LSC intends to distribute NTD1.2 cash dividends

(March 23rd, 2017 Taipei News) LSC (TWSE :5305)board members approved the company's 2016 full year consolidated financial report in their board meeting today. 2016 revenue grew 11% on a YoY basis, the 27% average gross profit margin and 10% operating margin improved 4% & 6% respectively compared to the previous year. Earnings per share amounted to NTD 1.4 which was equivalent to the previous year despite of a comparatively low Other Income injection in 2016 as there were no major shares disposal and also a lesser profit contribution from Diodes Inc. LSC Operating profit enjoyed an over 180% growth on a YoY basis, the Board members therefore approved the NTD1.2 cash dividends proposal with no reservation, which was equivalent to a 85% paid out ratio.

The 4th quarter sales declined 6% on a QoQ basis, however, gross profit margin maintained at 28%, compared to the previous year, profit growth was better than revenue growth, which is also the company target for this year.

The Board members approved the 2016 FY Financial Report as of March 23rd, 2017, details as below :

項目Item			2015 全年	2016 全年
			金額Amount	金額Amount
			單位 Unit : 仟元 thousand	單位 Unit : 仟元 thousand
營業收入 營業毛利	Revenue Gross profit		9,419,265 2,148,739	10,487,093 2,868,252
營業淨利 稅前淨利	Operation profitProfit before tax		366,495 1,155,737	1,036,269 1,234,604
本期淨利	Net Profit		884,973	940,104
本期淨損益歸屬於本公司業主	Net Profit attributable to owner of the company		476,872	431,400
本期淨損益歸屬於非控制權益	Net profit atttributable to non controlling interests		408,101	508,704
每股盈餘(元)	Earnings per share (NTD)		1.52	1.4