Consolidated operating income for the quarter reached NT$ 885 million, up 49 percent q-o-q, with 13.5 percent operating profit margin. Net consolidated profit after tax attribute to parent company in the first quarter reported NT$ 950 million, up 123.6 percent q-o-q, with NT$ 0.44 earnings per share.

1Q14 revenue growth was mainly driven by the demand from Telecom, Distributors and EMS. Non-operating items posted a net gain of NT$ 245 million in the first quarter, mainly including net interest income NT$ 100 million, foreign exchange gain NT$ 44 million, and investment income under equity method NT$ 29 million.

Meanwhile, the stable cash flows generated from operating activities posted NT$ 485 million in the first quarter. Cash and cash equivalents in the end of the first quarter reached NT$ 25,194 million, while net cash was NT$ 8,686 million.

Moving forward, Yageo expects gradually stable demand of passive components from end market would contribute to the company's continued earnings growth, mainly driven by the increasing penetration of tablet PCs, 4G LTE smart phones, LED lightening, and automotive electronics components.

However, Yageo will continue to focus on its core business and devote efforts in R&D, operational efficiency, global resources integration, and expansions of European and US markets to continue enhancing its competitive advantages.