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AsusTek pre-tax, operating profit reach two-year highs

AsusTek, a major local PC manufacturer, yesterday reported second quarter operating profit of NT$5.45 billion and pre-tax profit of NT$6.295 billion, both the highest in two years.

The firm reported the figures during its quarterly investors' meeting yesterday.

During the event, AsusTek also reported consolidated revenue of NT$94.197 billion for the second quarter, a rise of four percent from the first quarter. Gross profit was NT$13.41 billion, a rise of six percent from the first quarter and translating into a margin of 14.2 percent.

Operating profit was NT$5.45 billion, a rise of 15 percent from the first quarter and translating into a margin of 5.8 percent. Pre-tax profit for the last quarter was NT$6.295 billion.

Net profit however was NT$4.817 billion, a decline of four percent from the first quarter. The figure translated into earnings per share of NT$6.4.

For the first half, net profit was NT$9.822 billion, operating margin 5.5 percent and earnings per share of NT$13.05.

By product, notebook PCs accounted for 61 percent of the firm's total sales in the second quarter, followed by 14 percent for motherboards, eight percent for tablet PCs, and seven percent for netbooks. The proportions for tablets and netbooks increased, while the rest fell.

By area, Asia accounted for the biggest portion of 41 percent, which was a decline. Sales from Europe increased to 39 percent.

As for the third quarter, the company expects sales to rise within 10 percent on a quarter-on-quarter basis. It also adjusted its tablet PC shipment forecast for 2012 from the original 3 million to 5 million, on strong sales of the Nexus 7 tablet that it collaborates with Google on.

Overall, market analysts expect a slow third quarter for Asus, which they said faces weak demands in Europe and a wait-and-see attitude taken by consumers in the lead-up to the release of the Windows 8 operating system.

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