Inventec Appliances net profits down 10% on year in 1H08
Inventec Appliances has announced that its net profits declined 10.2% on year to NT$1.42 billion (US$44.94 million) on consolidated revenues of NT$39.06 billion in the first half of 2008.
The net earnings translate into an EPS (earnings per share) of NT$2.77 for the first half, compared to NT$3.09 of a year earlier, the data showed.
However, gross margin rose to 11.4% in the January-June period, from 11% of the same period of 2007 due to an improvement in product mix, the company said.
Market sources in Taiwan predicted that Inventec is expected to see its revenues decline 10% on year to NT$82-84 billion in 2008, with a net profit of NT$2.9 billion, or NT$5.65 per share.
The ratio of revenues contributed by orders from Apple will decline to 40-42% in 2008 from 48% in 2007, whereas revenues from TomTom will edge up to 22% from the previous 20% and revenues from Palm will also climb to 12-15% from 10%, the sources indicated
The net earnings translate into an EPS (earnings per share) of NT$2.77 for the first half, compared to NT$3.09 of a year earlier, the data showed.
However, gross margin rose to 11.4% in the January-June period, from 11% of the same period of 2007 due to an improvement in product mix, the company said.
Market sources in Taiwan predicted that Inventec is expected to see its revenues decline 10% on year to NT$82-84 billion in 2008, with a net profit of NT$2.9 billion, or NT$5.65 per share.
The ratio of revenues contributed by orders from Apple will decline to 40-42% in 2008 from 48% in 2007, whereas revenues from TomTom will edge up to 22% from the previous 20% and revenues from Palm will also climb to 12-15% from 10%, the sources indicated
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