Resistor makers enjoyed sharp revenue gains in June

Taipei, July 9, 2003 (CENS)--Ralec Electronic Corp. and Polytronics Technology Corp., two listed local manufacturers of electric resistors, witnessed revenues for June increase by 38.38% and 41.5%, respectively, from the same month of last year.

Ralec Electronic produces chip resistors and is listed on the Taiwan Stock Exchange. The company rang up revenue of NT$110 million last month, jumping by 38.38% from June last year and the highest monthly level so far this year.

Ralec Electronic raked in cumulative revenue of NT$589 million in the first half of this year, growing by 21.19% from the NT$486 million posted in the same six months of last year.

The company has a monthly production capacity of 5.2 billion chip resistors, consisting of 2.5 billion resistors for its domestic factory and 2.7 billion resistors for its factory in Kunshan of Jiangsu Province, mainland China. The mainland factory's monthly production capacity will be increased to 3.5- 4.0 billion resistors later this year.

Listed on the local over-the-counter bourse, Polytronics Technology specializes in producing polymeric positive temperature coefficient (PPTC) resistors. The company garnered NT$39.36 million in revenue last month, climbing by 41.5% from a year earlier. The company's six-month revenue stood at NT$249 million, a year-on-year hike of 38.8%.