AsusTek sees new EPS high for Q3

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.

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