|Accton Technology Announces 2007|
Accton Technology Corporation today ( 30th) announced the 2007 third quarter financial results audited by certified accountants. Accton reported total revenues of NT$9.975 billion from January to September of this year, with gross operating profit of NT$1.355 billion. After deduction of operating expenses of NT$1.373 billion and additional non-operating revenues of NT$1.373 billion, the net income before tax is NT$60 million for the first 3 quarters.
For conservative and solid accounting practice, after having re-evaluated all vital assets in the third quarter, Accton decided to make provisions for investment loss reduction and loss on inventory, also write-off any non-beneficial income tax liabilities. The total amount is NT$ 181 million, which lead to a loss of NT$19 million in the third quarter before tax and NT$73 million after tax.
To respond to the industry trend, Accton will continue to develop integrated multimedia, language and communication network products. With products like enterprise network system, carrier Ethernet, etc., mass production and shipment in excellent state, the sales are expected to increase. With the continuous expansion of Southern Mainland factory, and improvement on the management of all expenses, the company is expected lower production and operating related costs, hence improve profitability. The main revenue of the first 3 quarters comes from: switchers, accounting for 73% of total revenue; hub and network card, accounting for 1 %; wireless local network, accounting for 17%; board band and gateway series products, accounting for 6% and others, accounting for 3%.