Macronix reports increase for 3rd quarter sales; loss remains
The China Post news staff
October 25, 2012, 11:03 am TWN
Integrated circuit (IC) company Macronix yesterday reported a third-quarter sales increase, which helped narrow the firm's loss in the quarter.
During the firm's quarterly investors' conference, Macronix reported sales of NT$7.261 billion for the third quarter, a rise of 25 percent from the second and better than market expectations, thanks to orders from Nintendo, which launched a new Wii console last quarter.
The sales increase helped narrow the firm's third-quarter loss, which stood at NT$1.182 billion, or loss per share of NT$0.34.
Macronix's loss stood in contrast with the third-quarter earnings per share of NT$0.73 reported by IC designers Holtek Semiconductor Tuesday.
At the firm's investors' meeting, Kao Kuo-tung, Holtek president, was optimistic about next year. "Our new products are ready, and the positive effects of the new products will play out next year," he said.
"Orders have returned after China's weeklong Oct. 1 national holiday and have given our business a boost, despite the fact the fourth quarter is traditionally a slow season," he added. "While fourth-quarter sales may decline, the margin of decline will be smaller than market average for this time of the year."
Experts have estimated Holtek's fourth-quarter sales would decline by about 5 to 15 percent.
According to the firm, micro-controller units (MCUs) accounted for about 68 percent of the total, while other IC products accounted for the remaining 38 percent.
The firm shipped out 280 million MCUs during the first nine months, a rise of 3 percent year-on-year.