BANGKOK -- Fabrinet reported fiscal third-quarter revenue jumped 32% over last year to $250.9 million.

Net income for the quarter ended Mar. 25 was $20.8 million, nearly double last year's figure of $10.8 million.

Non-GAAP net income rose 60% from a year ago.

In a statement, chief executive Tom Mitchell said, “We particularly benefited from positive trends in the optical industry, which resulted in higher-than-expected demand from new customer programs and increasing production from existing customer programs. With robust industry trends, we expect the momentum we are experiencing to continue into the fourth quarter."

Fabrinet expects fourth quarter revenue to be in the range of $260 million to $264 million.

Mitchell added that a planned expansion is proceeding gaster than expected. "Construction on the first building of our new campus in Thailand is progressing faster than anticipated. While we have sufficient capacity to meet near-term demand, we now expect the building, which will significantly increase our capacity, to be completed by the end of the first quarter of fiscal-year 2017 with first customer shipments beginning in the third quarter. Our new campus will ultimately more than double our manufacturing space, enabling us to continue to scale our business for many years.”

Fabrinet ranked 26th on the CIRCUITS ASSEMBLY Top 50 this year.

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