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July 28, 2017

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AsusTek sees new EPS high for Q3

AsusTek, 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.

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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