Fri, Mar 15, 2013 - Page 13 News List

CyberPower posts 13.38 percent net growth

By Helen Ku  /  Staff reporter

Taiwanese uninterruptible power supply (UPS) product maker CyberPower Systems Inc (碩天) yesterday posted 13.38 percent growth in net income for last year.

Net income increased to NT$395.46 million (US$13.31 million), or NT$5 per share, from NT$302.5 million the previous year, CyberPower told an investors’ conference.

Annual sales hit a record NT$4.89 billion last year, which the company attributed mainly to improved corporate management and strong sales in the US.

CyberPower forecast sales this year would hit another record because demand for UPS products from emerging economies — such as India, Thailand, Vietnam, Brazil and Russia — is forecast to increase steadily due to strong electricity demand for big data centers.

The company also expects robust demand for UPS products from corporate clients in the US and Europe this year to provide online services based on cloud-computing technologies, CyberPower chief executive officer Michael Ho (何濂洵) said.

Commenting on the company’s performance last year, Ho said a good pricing strategy, strong manufacturing skills and flexibility to adapt to various markets were the main reasons.

He said the company planned to establish subsidiaries and build more sales channels in emerging markets this year and to make mobile power supplies for smartphones and tablets.

“There is a long way to go for CyberPower to be top UPS maker in the global market, which has a value of up to NT$300 billion,” Ho said at the conference.

CyberPower forecast first-quarter sales would increase year-on-year at a double-digit percentage growth rate. The company’s sales last quarter totaled NT$1.28 million, down 4.48 percent quarter-on-quarter, but up 4.92 percent year-on-year.

For the first two months of the year, accumulated sales expanded 15.13 percent to NT$725.06 million from the same period last year, the company said.

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