Csun Manufacturing will likely see consolidated revenues grow 20-30% in 2011, according to company president Webber Wong. Growth will be driven by rising demand coming from the semiconductor, solar and touch screen panel segments.
Csun's book-to-bill ratio should remain above one through January 2011, said Wong, adding that business outlook for the entire year is optimistic.
Wong revealed that sales of Csun's PCB and LCD equipment would account for 40% and 35-40%, respectively, of the company's overall sales in 2010. But sales of its recently-developed PV manufacturing equipment and products used in semiconductor manufacturing have great potential for the company's future growth, Wong added.
In addition, visibility on orders from the touch panel sector appears brisk, Wong indicated. Sales generated from the segment are expected to increase substantially in 2011, Wong said.
Csun announced consolidated revenues of NT$335 million for November 2010, down 3% on month. The company estimated consolidated sales for the fourth quarter would decrease about 15% sequentially, due to seasonality.
Csun's consolidated revenues for the third quarter climbed to NT$1.18 billion, a quarterly high. It generated pre-tax profits of NT$163 million, or NT$1.06 a share, in the quarter. Pre-tax profits for the first three quarters of 2010 were NT$375 million, or NT$2.44 a share.