Synnex reports strong revenues and profits for 3Q09

Taiwan-based electronics products distributor Synnex Technology International has posted record consolidated revenues and pre-tax profit for the third quarter, at NT$64.398 billion (US$1.96 billion) and NT$1.896 billion respectively.

Synnex's third-quarter financial report released on October 28 indicated non-operating incomes of NT$510 million and NT$900 million for the quarter and the January-September period respectively.

Synnex also announced an investment of US$5 million to set up a new marketing subsidiary, Synnex (Suzhou) Limited, in eastern China.

Synnex Technology: Financial report, 3Q09 (NT$b)

Item
3Q09
Y/Y
January-September 2009
Y/Y

Consolidated revenues
64.398
25.5%
162.442
17.2%

Net operating profit
1.023
27.5%
2.563
39.7%

Pre-tax profit
1.896
115.9%
4.256
37.4%

Net profit
1.632
103.8%
3.572
36.8%

Net EPS (NT$)
1.23
101.6%
2.69
35.9%