TV and online retailer Momo.com Inc (富邦媒體) on Thursday last week reported its lowest earnings per share (EPS) for the January-to-March quarter in three years, affected by non-operating losses of NT$4.6 million (US$155,217).
The firm’s EPS for the first quarter reached NT$2.2, compared with NT$2.21 during the same period last year and NT$2.45 two years ago.
The decline came as net income fell 0.4 percent year-on-year to NT$307 million, the company said in a statement on its Web site.
However, after adjusting for one-time disposal gains or losses and effects from the International Financial Reporting Standards 9 guidelines, recurring net income for the quarter increased 8.7 percent year-on-year to NT$327.3 million and EPS expanded to NT$2.34, Momo.com said.
Accelerating growth in the company’s online business-to-customer (B2C) business and a recovery in TV home shopping helped boost the company’s revenue last quarter 34.3 percent annually to NT$10.18 billion, surpassing NT$10 billion for the first time in a single quarter, it said.
The 34.3 percent year-on-year growth is also the fastest on a quarterly basis since the company was listed on the nation’s main board in December 2014, it added.
“Mobile sales in B2C saw a 70.7 percent increase year-on-year and remains the key driver to B2C’s growth, as we continue to gain market share from e-commerce peers and brick-and-mortar retailers,” Momo.com said. “Market share gain and scale remain top priorities for our B2C business.”
The company’s revenue breakdown showed its B2C online shopping site Momoshop.com (Momo 購物網) as contributing 82.44 percent to the company’s overall revenue last quarter, while the TV home shopping segment contributed 14.34 percent.
Momo.com, which also operates a platform for catalog shopping, said the average number of active members in the first quarter stood at 7.1 million per month, up 5.7 percent from a year ago, with average spending exceeding NT$2,000 per transaction, up 8.8 percent annually.
The company was upbeat about its business outlook for the first half, citing aggressive marketing activities for Mother’s Day and special sales for consumer electronics and household items, as well as a product lineup expansion through partnerships with major brand vendors, it said.
Momo.com shares on Friday last week rose 0.2 percent to NT$250 in Taipei trading. The shares have risen 15.97 percent in the past 12 months, higher than the broader market’s 6.9 percent increase over the period, Taiwan Stock Exchange data showed.
Nvidia Corp chief executive officer Jensen Huang (黃仁勳) on Monday introduced the company’s latest supercomputer platform, featuring six new chips made by Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), saying that it is now “in full production.” “If Vera Rubin is going to be in time for this year, it must be in production by now, and so, today I can tell you that Vera Rubin is in full production,” Huang said during his keynote speech at CES in Las Vegas. The rollout of six concurrent chips for Vera Rubin — the company’s next-generation artificial intelligence (AI) computing platform — marks a strategic
REVENUE PERFORMANCE: Cloud and network products, and electronic components saw strong increases, while smart consumer electronics and computing products fell Hon Hai Precision Industry Co (鴻海精密) yesterday posted 26.51 percent quarterly growth in revenue for last quarter to NT$2.6 trillion (US$82.44 billion), the strongest on record for the period and above expectations, but the company forecast a slight revenue dip this quarter due to seasonal factors. On an annual basis, revenue last quarter grew 22.07 percent, the company said. Analysts on average estimated about NT$2.4 trillion increase. Hon Hai, which assembles servers for Nvidia Corp and iPhones for Apple Inc, is expanding its capacity in the US, adding artificial intelligence (AI) server production in Wisconsin and Texas, where it operates established campuses. This
SEMICONDUCTORS: The German laser and plasma generator company will expand its local services as its specialized offerings support Taiwan’s semiconductor industries Trumpf SE + Co KG, a global leader in supplying laser technology and plasma generators used in chip production, is expanding its investments in Taiwan in an effort to deeply integrate into the global semiconductor supply chain in the pursuit of growth. The company, headquartered in Ditzingen, Germany, has invested significantly in a newly inaugurated regional technical center for plasma generators in Taoyuan, its latest expansion in Taiwan after being engaged in various industries for more than 25 years. The center, the first of its kind Trumpf built outside Germany, aims to serve customers from Taiwan, Japan, Southeast Asia and South Korea,
Garment maker Makalot Industrial Co (聚陽) yesterday reported lower-than-expected fourth-quarter revenue of NT$7.93 billion (US$251.44 million), down 9.48 percent from NT$8.76 billion a year earlier. On a quarterly basis, revenue fell 10.83 percent from NT$8.89 billion, company data showed. The figure was also lower than market expectations of NT$8.05 billion, according to data compiled by Yuanta Securities Investment and Consulting Co (元大投顧), which had projected NT$8.22 billion. Makalot’s revenue this quarter would likely increase by a mid-teens percentage as the industry is entering its high season, Yuanta said. Overall, Makalot’s revenue last year totaled NT$34.43 billion, down 3.08 percent from its record NT$35.52
RSS