Electronic products manufacturer IDT International expects business for the second half of its financial year to be driven by strong sales of LCD (liquid crystal display) and digital media products manufactured under the Oregon Scientific brand.
Executive director and chief financial officer Alain Li forecast yesterday that orders for the brand would rise 15 per cent in the third quarter.
He also said that orders would fall 5 per cent as a result of an expected 30 per cent drop in demand for telecommunications products.
Mr Li said he expected average gross margins to hold steady at 38 per cent for the full year.
'Though the market conditions for telecommunications and electronic-learning products remain challenging, the LCD consumer electronics and digital media products divisions will be our main drivers in the second half of the year,' Mr Li said.
Sales of LCD electronics products rose 39 per cent in the first half of the financial year, while telecommunications, digital-media and electronic-learning products posted drops of 9 per cent, 6 per cent and 16 per cent, respectively.
Mr Li also said the company would strengthen the sales network for Oregon Scientific products by opening more stores and expanding distribution throughout each region it operates in.
