AsusTek sees new EPS high for Q3
The China Post news staffAsusTek, a leading PC brand, yesterday reported third quarter earnings per share of NT$8.92, which could be the highest among publicly listed firms for the quarter ending Sept. 30.
October 31, 2012, 12:22 am TWN
The figure was also the highest since AsusTek spun off its manufacturing arm, which is now a company called Pegatron.
In yesterday's investors' conference, AsusTek reported third quarter sales of NT$111.436 billion, a rise of 18 percent quarter-on-quarter and nine percent year-on-year. Gross profit margin was 13 percent. Operating profit stood at NT$5.764 billion, a rise of six percent from the second quarter and 10 percent from the same period last year.
Last quarter, AsusTek had pre-tax profit of NT$7.553 billion and net profit of NT$6.714 billion, a rise of 39 percent quarter-on-quarter and 43 percent year-on-year. The figure translated into earnings per share of NT$8.92.
“For the third quarter, sales, operating profit, pre-tax profit, net profit and EPS were all the highest since the spin-off back in June 2010,” said Chang Wei-ming, chief finance officer with AsusTek. “The increases were due to a rise in market share as well as incomes from outside our core business. For example, we gained NT$300 million from selling our stake in Pegatron. Foreign exchange gains meanwhile stood at NT$1.175 billion.”
By region, 42 percent of sales came from Asia Pacific, followed by 33 percent from Europe and 25 percent from other regions, the firm said.