|Accton announced 2008 financial result with TWD15.09 billion revenue and TWD 412 million EBIT for 2008|
Hsinchu, Taiwan--- Accton Technology Corporation announced 2008 formally audited financial statement today (26). The net sales income in 2008 was 15.09 billion TWD with gross margin and operation income separately valued TWD 1.95 billion and TWD 190 million. With the surplus of non-operating incom TWD 222 million, the 2008 EBIT was TWD 412 million.
Due to listed loss badly caused by dramatic economic recession in 2008/Q4 and the bankruptcy of an important customer Nortel last year, along with partial loss for unexpected stagnate WiMAX market development, 2008/Q4 showed its interrupted profiting trend with insignificant business loss arisen. With comparing to last year, 2008 annual revenue grows 12% to TWD 15.09. It meant a turnover trend from loss to profit, saying goodbye to business loss formally with EBIT TWD412 million. The EPS was rated at TWD 0.75. Therefore, as Board of Director meetings decided, cash dividend TWD0.661 per share would be allowed.
In response to global economic situation, aside from continuously improving in profiting competence, downsizing business departments of non-efficiency and aggressively engaging in reform and streamlining plans, Accton will continue to introduce the new technology and business models for its operation transformation. It is aimed to create more benefit to shareholders, employees and investors.
Accton announced 2008 annual operation income mostly came from: switches 75%, WLAN 14%, broadband and gateway products 6% and others 5%.