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Taipei, Taiwan, R.O.C. – May 8, 2015 Holy Stone Enterprise Co., Ltd. (Holy Stone) (TWSE: 3026), a passive component manufacturer and an IC distributor, today announced its 2015 first-quarter financial results reporting a net income after income tax of Parent Company of NT$193 million, an increase of 116.19% QoQ, and an increase of 9.32% YOY. Earnings per share totaled NT$0.86.
As a result of optimizing product portfolio, the operation performed is better than expectation, although Holy Stone’s first quarter revenue totaled NT$3,237 million, a decrease of 11.35% QoQ and a decrease of 15.88% YoY, but the Consolidated Gross Profit rate was increased to 14.93%, up 2.4 percentage points from previous quarter. The Company kept cost down while optimizing product portfolio. The first quarter operating expense decreased a bit from previous quarter, the Consolidated Operation Income rate was increased from 3.71% to 5.51% compared to last quarter.
Holy Stone’s 2015 first quarter compared to 2014 fourth quarter and 2014 first quarter results are as follows:
Unit: Thousands of NTD
|
Item |
2015 |
2014 |
QoQ |
2014 |
YoY |
|
First-Quarter |
Fourth-Quarter |
First-Quarter |
|||
|
Consolidated Net Sales |
$3,237,371 |
$3,651,778 |
-11.35% |
$3,848,430 |
-15.88% |
|
ConsolidatedGross Profit |
483,252 |
457,507 |
5.63% |
489,670 |
-1.31% |
|
ConsolidatedOperating Income |
178,376 |
135,433 |
31.71% |
196,153 |
-9.06% |
|
Net Income (Parent) |
192,927 |
89,241 |
116.19% |
176,485 |
9.32% |
