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Yageo Reported Consolidated Sales of NT$ 4,540 Million as of June 2020

2020/07/06

Yageo Corporation announced today its 2020 June consolidated sales of NT$ 4,540 million, up 1.2% m-o-m and up 48.0% y-o-y, respectively. The second quarter sales totaled NT$ 13,467 million, up 34.4% q-o-q and 40.6% y-o-y. The YTD sales reached NT$ 23,487 million, up 12.0% y-o-y.

 

Monthly revenue in June continued to deliver further growth than previous month, mainly benefited from gradual improvement in production and capacity utilization at the Chinese factories and stable demands from end customers.

 

Foresee the third quarter, the company's operations, orders, and shipments remain healthy and stable. The resumption of production and workforce at Chinese factories has also seen steady 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.

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