Harvatek December Revenue Benefits from Reinvestment
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LED package manufacturer Harvatek released their December 2013 revenue, which reached NT $499 million (US $16.7 million), growth of 7.98 percent from November and 66.8 percent from December 2012, making December the month with the highest revenue performance during the slack season. December and November had similar revenue, but December benefited from reinvestment in small to mid size backlight display manufacturer Honor Light Limited as well as injections from joint cooperation with driver IC manufacturer Macroblock which brought the company an additional NT $150 million.
Operations gradually improved during the second half of the year in 2013 with 3Q stock shares at NT 0.25 each. The company was able to break away from 7 consecutive quarters of loss. Income for 4Q reached NT $1.43 billion, growth of 15.13 percent compared to 3Q and 42.55 percent from 4Q12. Revenue for all of 2013 was NT $4.67 billion, a yearly increase of 23.86 percent. Harvatek chairman Wang Binglong during a past interview expressed that 3Q performance is hoped to extend into 4Q and that 2013 has the opportunity to turn loss into profit for the whole year. 
Wang believes that operational performance for 2014 will improve dramatically from 2013. With development of stage lighting, display panel lighting and automotive lighting application products in 2013, as well as receiving automotive lighting related orders at the latter half of last year, the company anticipates shipments to begin towards the first half of this year.

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