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Taipei, Taiwan, R.O.C. – May 10, 2017Holy Stone Enterprise Co., Ltd. (Holy Stone) (TWSE: 3026), a passive component manufacturer and an IC distributor, today announced its first result of fiscal year of 2017; reporting Consolidated Revenue of 3,138 million, down 8.99% from last quarter and up 6.07% from same period last year; and Earnings per share of NT$ 0.56.
With constant product portfolio adjustment, Consolidated Revenue has finally been back on growth track. However, with the appreciation of USD to TWD, the cost for distribution products had piled up and made impact on total profit margin, resulting in lower-than-expected profitability. The Company has been downsizing operating expenditure as much as we can while optimizing product portfolio, reflecting on Operating Expense decreasing by 13.11% from last quarter and decreasing by 0.04% from last year. Net Income to Parent Company increased by 21.16% to 126 million from last quarter, down 18.75% from last year;
Please see details below:
Unit: Thousands of NTD
|
Accounts |
2017 |
2016 |
Growth Rate (QoQ) |
2016 |
Growth Rate (YoY) |
|||
|
Q1 |
% |
Q4 |
% |
Q1 |
% |
|||
|
Net Sales |
$3,138,194 |
100.00 |
$3,448,001 |
100.00 |
-8.99% |
$2,958,720 |
100.00 |
6.07% |
|
Gross Profit |
$433,156 |
13.80 |
$483,428 |
14.02 |
-10.40% |
$461,122 |
15.59 |
-6.06% |
|
Operating Expense |
$328,423 |
10.47 |
$377,975 |
10.96 |
-13.11% |
$328,549 |
11.10 |
-0.04% |
|
Operating Profit |
$104,733 |
3.34 |
$105,453 |
3.06 |
-0.68% |
$132,573 |
4.48 |
-21.00% |
|
Net Income to Parent Company |
$125,521 |
|
$103,602 |
|
21.16% |
$154,496 |
|
-18.75% |
