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Taipei, Taiwan, R.O.C. – May 4, 2016 Holy 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 2016; reporting Net Income to Parent Company of 154 million, up by 328.37% from last quarter and down by 19.92% from same period last year; and Earnings per share of NT$ 0.69.
As a result of slowing economic growth trend, Revenue of first quarter decreased from last quarter as well as last year. However, gross margin rate had increased by 1.99% to 15.59% from last quarter, and increased by 0.66% from same period of last year. The Company has been downsizing operating expenditure as much as we can while optimizing product portfolio, reflecting on Operating Expense decreasing by 5.36% from last quarter. Combined Operating Expense increased by 7.76% from last year, however, due to increase in R&D Expense of subsidiaries. Combined Operating Margin ramped up to 4.48% from 3.07% of last quarter.
Please see details below:
Unit: Thousands of NTD
| Accounts |
Q1 2016 |
Q4 2015 |
Growth Rate (QoQ) |
Q1 2015 |
Growth Rate (YoY) |
| Net Sales |
$2,958,720 |
$3,297,781 |
-10.28% |
$3,237,371 |
-8.61% |
| Gross Profit |
$461,122 |
$448,342 |
2.85% |
$483,252 |
-4.58% |
| Operating Expense |
$328,549 |
$347,160 |
-5.36% |
$304,876 |
7.76% |
| Operating Profit |
$132,573 |
$101,182 |
31.02% |
$178,376 |
-25.68% |
| Net Income to Parent Company |
$154,496 |
$36,066 |
328.37% |
$192,927 |
-19.92% |
