Etron Technology (GTSM: 5351) today reported audited financial results for the year of 2007:
Accumulated revenues from January through December of 2007 totaled NT$13,219 million (US$403 million), a historical record high, up 26.1% from NT$10,481 million (US$322 million) for the same period of 2006. Income before tax for the twelve months of 2007 reached NT$1,264 million (US$38 million), rising 73.9% from NT$727 million (US$22 million) for the same period of 2006. Net income for the year of 2007 was NT$1,286 million (US$39 million), increasing by 91.1% from NT$673 million (US$21 million) for 2006. The company achieved historical record highs in revenues, income before tax, as well as net income, for the year 2007.
Earnings per share (EPS) were NT$3.41 before tax and NT$3.47 after tax for the year of 2007. The aforesaid EPS were based on weighted average outstanding shares of 371 million shares of the fourth quarter of 2007. (EPS were NT$2.11 before tax and NT$1.95 after tax for the year of 2006.)
Revenues for the fourth quarter of 2007 grew to NT$3,439 million (US$106 million), up 5.9% from NT$3,246 million (US$99 million) for the fourth quarter of 2006. Income before tax for the fourth quarter of 2007 were NT$281 million (US$9 million), while net income in the same period was NT$323 million (US$10 million). EPS for the fourth quarter of 2007 were NT$0.76 before tax and NT$0.87 after tax. The company also achieved historical high in revenues, income before tax, and net income, for the fourth quarter of 2007.