Sat, Dec 08, 2012 - Page 14 News List

Battery makers Simplo, Dynapack post record sales

By Helen Ku  /  Staff reporter

Lithium battery makers Simplo Technology Co (新普科技) and Dynapack International Technology Corp (順達科技) on Thursday posted record-high sales for last month, supported by strong demand for Apple Inc’s iPad Mini tablets.

Simpo said sales have increased for seven consecutive months since May and reached NT$5.76 billion (US$198 million), up 1.53 percent from NT$5.67 billion in October and 27.96 percent higher than NT$4.5 billion in the same period of last year.

In the first 11 months of the year, sales reached NT$53.66 billion, up 20.93 percent compared with NT$44.37 billion in the same period of last year, the company said in a filing to the Taiwan Stock Exchange.

Meanwhile, Dynapack said sales reached NT$2.63 billion for last month, the highest level in its history and a 12.74 percent increase compared to NT$2.33 billion in October.

Last month’s sales figures represented 6.79 percent growth compared with NT$2.46 billion in the same period of last year, marking the second-highest year-on-year sales growth rate in history, the company’s data showed.

From January to last month, accumulative sales totaled NT$25.89 billion, rising 20.78 percent compared with NT$21.43 billion in the same period of last year.

Analysts attributed the increase in the company’s monthly sales to substantial growth in Apple Inc’s iPad Mini tablet computer shipments as well as Amazon’s and Asustek Computer Inc’s (華碩電腦) tablet products.

“Stronger-than-expected tablet PC component shipments combined with effective pricing strategies amid Apple’s renewed order inflow propelled the company’s top-line growth,” Fubon Securities Co (富邦證券) analyst Howard Lu (呂國豪) said yesterday about Simplo’s results.

However, Lu said the company’s performance would likely lose steam this month amid a cyclical downtrend.

Given that cumulative sales for the past two months have reached NT$11.43 billion, Simpo’s sales would decrease to NT$5.4 billion for this month based on the company’s estimate that total sales for this quarter would fall somewhere between NT$16.6 billion and NT$16.8 billion.

As for Dynapack, this month’s sales are likely to break the NT$7 billion mark, outperforming the third quarter, driven by increasing demand for tablet computers as well as Windows 8 notebooks ahead of the Christmas holidays, analysts said.

Shares of Simpo closed at NT$146 in Taipei trading yesterday, while Dynapack’s share ended up 0.88 percent at NT$114.5.

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