Wah Lee Industrial Corp. (3010.TT) announced November 2018 unaudited consolidated sales of NT$4,502M

Wah Lee Industrial Corp. (3010.TT) announced November 2018 unaudited consolidated sales of NT$4,502M, a 7.76% growth from the same period last year.  Cumulative 2018 Jan.-Nov. consolidated sales was NT$48,671M and increased by 25.09%, compared to the same period last year.  Due to strong growth momentum from multiple cameras of smartphones and ADAS, high frequency substrates for 5G applications, and 4K high-resolution large screen LCD displays, November sales has been in the high levels.

According to Wah Lee unaudited consolidated sales, its Jan.-Nov. sales from Wah Lee Taiwan has reached 50% of total consolidated sales; sales contributed from Singapore, Thailand, Indonesia, and Vietnam was 5%.  Wah Lee has been working on the development of international markets and has gained initial success.  ASEAN country sales grew by 50% from a year ago and manifested the great achievement of Wah Lee’s geographic diversification.

Wah Lee’s next generation electronic product for the FPD industry has been aggressively expanding in the EU market and was applied in the educational market.  Cumulative sales to November has reached over NT$3 billion and has grown by 130% from the same period of last year.  Currently, Wah Lee has only penetrated in the 4 countries in Western Europe.  After further establishment in the local market, Wah Lee will go on penetrating into other countries in the continental Europe.  The product has great potential for future sales growth.