Yageo enjoys profit rise in 3Q20

Passive component vendor Yageo has announced net profits surged 10.1% sequentially and 80% on year to NT$3.63 billion (US$127.1 million) in the third quarter of 2020, with EPS reaching NT$7.37.Yageo’s net profits for the first three quarters of 2020 totaled NT$9.27 billion, rising 55.5% on year. EPS for the nine-month period came to NT$20.03, compared with NT$14.26 during the same period in 2019.Yageo posted a 37.4% gross margin in the third quarter of 2020, up 6.4pp on year. Gross margin for the first three quarters of the year arrived at 40.1%, up 3.6pp from the same period in 2019.

Source: Yageo enjoys profit rise in 3Q20