Hsinchu, Taiwan – Accton Technology Corporation (Accton hereinafter), a leading outsourcing partner of advanced communication products, today held its annual shareholder meeting and approved its 2001 financial report. Its annual profit before taxes in 2001 was NT$1,590 million compared to NT$750 million in 2000. Showing a growth of 112% and resulting in an Earning Per Share of NT$3.75. This is the highest return on investment for Accton within the past five years. Accton’s board approved a profit distribution plan of NT$2.25 per common share.
Accton also announced its 2002 financial forecast: targeted sales revenue NT$20,080 million and an operating income of NT$2,250 million. Compared with the year 2001, Accton foresees a 15% increase. Profit before tax is estimated at NT$2,050 million, a 29% growth compared with last year’s NT$1,950 million.
For future activities, Accton plans to emphasis sales development and strategic management strategy. Detailed areas would include, continuing internal cost reductions and strengthening its control of chipset/key components to ensure better price structures for its products. In addition, Accton will integrate its relationships with customers and suppliers to provide a stronger Supply Chain Management System that would improve manufacturing efficiency and reduce held inventory. As to the sales development, Accton will focus on its high margin products, such as simple management and intelligent switches, adapters and wireless products. Lastly, with an aggressive development plan focusing on the China and Japanese markets, Accton is confident in establishing stable margin margin growth in the long-term.
The most special arrangement in Accton’s Shareholder Meeting this year was Accton’s collaboration with people from Earthquake Recovery Zone for Shareholder’s gifts. Gifts purchased totaled NT$4 Million and were provided as Shareholder Meeting souvenirs. “Purchasing goods from Recovery Zone is one of the most direct and effective way to express our care to those people. Accton hopes this action would arouse the attention of other companies/organizations and therefore generate more power to help those still in need.” Said Frank Kuo, Accton’s spokesman and Executive Vice President.
