Fri, Oct 03, 2014 - Page 14 News List

Merry Electronics Co sales up 21.29% over a year ago

By Kevin Chen  /  Staff reporter

Speaker and earphone supplier Merry Electronics Co (美律) yesterday reported a double-digit percentage rise in sales last month from a year earlier, saying the third-quarter sales growth met its earlier guidance.

Consolidated sales reached NT$1.26 billion (US$41.3 million), representing a 21.29 percent increase from a year earlier and 10.72 percent more than August, the company said in a filing with the Taiwan Stock Exchange.

Last month’s figure was the second-highest level in the firm’s history, compared with the record-high level of NT$1.37 billion registered in November last year, the company said in the filing.

That brought total sales for the July-to-September quarter to NT$3.45 billion, up 18.2 percent from NT$2.92 billion in the previous quarter, in line with a growth forecast made last month of between 15 percent and 20 percent.

Merry makes electro-acoustic components and mobile phone accessories such as headsets and speaker products for major brands, and has in recent years branched into the wireless technology and battery businesses.

The company supplies headsets, battery packs, portable hands-free products and speaker products to clients such as Apple Inc, Sony Corp, Bose Corp, Logitech Co and Beats Electronics LLC.

Analysts said the entertainment headset business was still the major growth driver in the past quarter, as demand for headsets with Bluetooth and Wi-Fi connection, noise cancellation and multiple-color choice increased. Merry’s mass production of smartphone speakers box, which began in late August, also contributed to its sales momentum last quarter, they said.

From January through last month, cumulative sales totaled NT$9.04 billion, up 20.23 percent from a year ago.

Merry shares closed 1.74 percent lower at NT$141 in Taipei trading yesterday.

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