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EVERLIGHT ELECTRONICS: Earns TWD1.44 Bil. for First Nine Months
Everlight Electronics Co. Ltd. posted a net income of TWD1.44 billion for the nine-month period ended Sept. 30, 2007, slightly better than the net income of TWD1.34 billion posted for the previous corresponding period. The company reported sales of TWD7.03 billion, while cost of goods sold and other operating expenses amounted to TWD5.77 billion, giving the company an operating income of TWD1.25 billion. As of Sept. 30, 2007, the company had total assets of TWD14.19 billion, total liabilities of TWD5.25 billion, and total shareholders' equity of TWD8.94 billion. Headquartered in Taipei, Taiwan, Everlight Electronics Co., ltd. -- http://www.everlight.com/cht/index.asp -- is engaged in the manufacture of light emitting diode devices. The company distributes its products mainly in Asia, Europe and the Americas. The Troubled Company Reporter-Asia Pacific reported on Aug. 15, 2007, that Standard & Poor's Ratings Services assigned its BB long-term corporate credit rating to Everlight Electronics. The outlook is stable.
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