|Accton Technology Releases 2007 Financial Report|
Hsinchu- Accton Technology Corporation releases its 2007 audited financial report on 25th. The 2007 net revenue is TWD13.499 billion. The 2007 loss before tax is approximately TWD 0.149 billion
Accton indicates the new developed products have not yet been reflected on the profit. In addition, the requirements of leadless production by RoHS Directives and conservatism accounting practice, Accton has listed TWD0.162 billion for inventory valuation and obsolescence losses for last year. This has lead to a small loss in the original and external operations, and the before tax loss of TWD 0.149 billion in 2007.
For investments, SMC has continued to improve its product and sales’ outlet, along with business model enhancement and operation cost control. Loss in 2007 has dramatically decreased as a result. Investments in firms such as Joytech, Arcadyan etc. have yielded profitable results. As a whole, the investment portion still has a net profit of TWD 15 million.
Accton has indicated it will continue its efforts on cost control at all aspects of operation in order to improve the management of company. It will also seek to advance on the competitive edge of its core business by improve partnership with EMS and ODM strategic partners. At the same time, Accton will aggressively seek for new venture opportunity with best cooperation solutions to create greatest possible revenues.
In 2007, major revenues of Accton Tech are: Switcher (accounts for 73% of total revenue); hub and network card (1%); wireless network (17%); broadband and gateway series products (6%); others (3%).