Tue, Mar 11, 2014 - Page 13 News List

Pegatron, Hon Hai results poles apart

MIXED RESULTS:Pegatron Corp’s revenue declined to its lowest level since February 2012, while Hon Hai’s revenue surged, the firms’ data showed

By Kevin Chen  /  Staff reporter

Pegatron Corp (和碩) and Hon Hai Precision Industry Co (鴻海), the two major assemblers of Apple Inc’s iPads and iPhones, yesterday reported mixed revenue results for last month.

Pegatron, which also manufactures notebooks for Asustek Computer Inc (華碩), Acer Inc (宏碁) and Toshiba Corp, said its revenue last month declined 14.64 percent from a year ago to NT$58.46 billion (US$1.93 billion), the lowest level since February 2012.

LUNAR HOLIDAY

Compared with January, sales were down 36.12 percent, Pegatron said in a statement, citing the impact of the Lunar New Year holiday as contributing to the monthly decline.

The firm’s cumulative revenue in the first two months of the year was down 4.19 percent to NT$149.99 billion, it added.

Hon Hai, which also manufactures smartphones for BlackBerry Ltd, TVs for Sony Corp and printers for Hewlett-Packard Co, said its consolidated revenue last month surged 10.8 percent annually to NT$260.62 billion.

LOWEST REVENUE

However, last month’s revenue figure was the lowest since the NT$260.38 billion Hon Hai posted in March last year and represented a fall of 17.1 percent from January’s NT$314.55 billion, it said in a separate statement.

For the first two months, Hon Hai’s unconsolidated revenue totaled NT$575.17 billion, up 4.8 percent year-on-year from NT$548.58 billion, the company said.

First Capital Management Inc (第一金證券投顧) attributed the monthly decline to seasonal factors and no new products from Hon Hai's major clients.

However, revenue for this month is likely to rebound by between 10 and 20 percent from last month and that may bring revenue for this quarter to increase by low to mid-teens year-on-year, although it could still represent a decline of 34 percent from last quarter, First Capital said in a note.

INVENTEC

Meanwhile, Inventec Corp (英業達), one of the nation’s leading notebook contract maker, reported sales grew 8.4 percent year-on-year, but declined 20.77 percent to NT$33.57 billion last month, with sales for the first two months rising 15.76 percent to NT$75.95 billion.

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