|Accton Announced its First Half 2008 Financial Statement. The 1H 2008 EBIT Reached 201 Million NTD|
Accton Technology announced its 2008 H1 financial statement audited by accountants today (26th). The net income from January to June was 7.715 billion NTD. Gross operating profit and operating revenue were separately 914 million NTD and 65 million NTD. External revenue was 136 million NTD and the 1H net profit before tax was 201 million NTD.
Accton said the Q2 revenue increased by 10.1% due to new orders and smooth delivery for switch products when compared with Q1. Also, with appropriate control over various costs and fees, together with continuous decrement in operating expenditures and profitable transfer investment activities in the 1st half year, Accton reached 136 million NTD in external revenue. The overall 1H net profit before tax reached 201 million NTD resultantly.
In the future, Accton will continue its effort to improve the business management. The partnership with EMS and ODM strategic partners will be enhanced to improve core competence in business development. The transfer investment business without synergy will be operated incessantly. And, the aggressive effort will be made to search for collaborating partners with the common investment infused for new business with promising development potential so that the maximum operating performance can be created.
Furthermore, the Accton chairman, Mr. Yimin Doo revealed his intention for retirement today. Accton announced to develop new generations for business management teams with generation takeover completed, the chairman Yimin Doo announced his intention for retirement in the board meeting today in view of continuously stable profit and the completeness of phase tasks. He will resign his post in the next board meeting, but will continue to give his wise offers to boards in the future.
Most proportions of Accton 1H 2008 revenue comes from total revenue of switch products (77%), hubs and network cards (1%), wireless LAN (12%), broadband gateways series products (6%) and other products (4%).