Pegatron Corp (和碩), one of Apple Inc’s major assemblers, yesterday reported net profit of NT$3.13 billion (US$98.55 million) for last quarter, up 0.4 percent from NT$3.12 billion a year earlier, as revenue declines for computers and consumer electronics were offset by robust sales of communications products.
On a quarterly basis, net profit rose 1.1 percent from NT$3.01 billion.
Earnings per share were unchanged at NT$1.17 on an annual basis, but increased from NT$1.13 a quarter earlier, the company said.
Photo: Reuters
Operating profit plunged 54.2 percent to NT$3.07 billion from NT$6.71 billion a year earlier, but increased 8.9 percent from NT$2.82 billion in the previous quarter.
Revenue generated by communications products including iPhones rose 22 percent year-on-year, making up 60 percent of Pegatron’s total revenue of NT$281 billion during the second quarter, the company said.
Consumer electronics revenue shrank 30 percent year-on-year, accounting for 17 percent, while revenue from computing products, including notebook computers Pegatron makes for Asustek Computer Inc (華碩), dropped 25 percent and accounted for 11 percent of total revenue, it said.
In the first half of the year, net profit rose 28.3 percent to NT$6.14 billion, from NT$4.78 billion the previous year, primarily due to nonoperating income of NT$3.43 billion, Pegatron said.
Earnings per share rose to NT$2.39 from NT$1.79.
Pegatron expects overall shipments of its major product lines to be flat or to grow mildly this quarter on a sequential basis, attributable to seasonal factors and the launch of the iPhone 15 series.
Pegatron yesterday also reported revenue last month declined 13.32 percent to NT$93.59 billion compared with NT$107.97 billion a year earlier.
On a monthly basis, revenue expanded 13.21 percent from NT$82.67 billion.
During the first seven months, revenue contracted 3.11 percent year-on-year to NT$692.43 billion from NT$714.67 billion a year earlier.
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