Yageo Reported 2020 April Consolidated Sales of NT$ 4,441 Million2020/05/06
Yageo Corporation announced today its 2020 April consolidated sales of NT$ 4,441 million, up 10.1% m-o-m and up 36.6% y-o-y, respectively. The YTD sales reached NT$ 14,461 million, down 1.2% y-o-y.
Monthly revenue in April delivered further growth than previous month, mainly benefited from gradual improvement in production and capacity utilization at the Chinese factories and the strong orders from end customers.
Foresee the second quarter, the company's operations, orders, and shipments remain healthy and normal. The resumption of production and workforce at Chinese factories has also seen improvement. Yageo will gradually recover its capacity utilization and solve the issue of low inventory level for finished goods, to provide quality service and fulfill customers’ demands. Yageo continues to stay vigilant during the challenging period and respond cautiously optimistic to its sales performance and operation outlook.