Reported about 1 year ago
As of July 8, 2024, Far EasTone currently has over NT$60 billion in outstanding orders due to strong demand driven by expanding applications in automotive, AI/HPC, autonomous supply chains in various countries, and continuous strategic investments by customers. The company's June consolidated revenue reached NT$5.101 billion, a 9.59% monthly decrease but a 5.36% growth compared to the previous quarter, marking a new high in revenue for the past three quarters. Market analysts predict that Far EasTone's performance will continue to improve in the second half of the year, with upcoming projects such as the recognition of Phase II of the Baoshan project and new factories in Hsinchu and Kaohsiung contributing to a positive outlook for the company's revenue. With an order backlog exceeding NT$60 billion, positive industry trends and a broadening customer base, Far EasTone is expected to outperform last year's revenue levels.
Source: YAHOO