2007/08/27

Etron Reports H1 2007 Financial Results

Etron Technology (GTSM: 5351) today reported consolidated financial results for the first half year of 2007:

Accumulated revenues from January through June of 2007 achieved NT$6,079 million (US$184 million), a historical record high, growing 34.2% from NT$4,530 million (US$140 million) for the same period of last year.

Income before tax for first half of 2007 reached NT$519 million (US$16 million), up 153.9% from NT$204 million (US$6 million) for the same period of 2006. Net income for the first half of 2007 was NT$525 million (US$16 million), up 190.2% from NT$181 million (US$6 million) for the first half of last year.

Earnings per share (EPS) were NT$1.50 before tax and NT$1.52 after tax for the first half of 2007. The aforesaid EPS were based on weighted average outstanding shares of 380 million shares of the first half of 2007. (EPS were NT$0.63 before tax and NT$0.55 after tax for the first half of 2006.)

Revenues for the second quarter of 2007 came to NT$3,204 million (US$97 million), also a historical record high, up 62.4% compared to NT$1,973 million (US$61 million) for the second quarter of last year. Income before tax for the second quarter of 2007 was NT$268 million (US$8 million), while net income in the same period was NT$299 million (US$9 million).