Hsinchu, Taiwan—Accton announced 2009 Q1 audited financial statement. The net sales income in Q1 reached NTD 2.952 billion with gross margin amounting to NTD 357 million. After subtracted from sales expenditure NTD 386 million and non-operation income NTD 70 million, the 2009 Q1 EBIT was NTD 41 million.
Accton voiced that under the effect of abruptly freezing economic prosperity caused by global financial storm, the sales income in Q1decreased by 16.2% when compared with that in 2008 Q4. Additionally, because various measures for cost control in the company was not well materialized yet, the operation income slightly decreased by NTD 29 million in Q1. Regarding non-operation parts, due to the influence of depreciated NTD currency and continuous profiting status on various important subsidiary investments, non-operation income reached NTD 70 million in Q1. Therefore, EBIT in Q1 was NTD 41 million.
Under the business climate filled with unexpected changes and high uncertainty, in future, Accton will do its best to materialize the project for company streamlining. Meanwhile, the IP-based next generation networking will be planned in the direction for development and integration. Company growth and improved profiting capability will be further chased to enhance competence. Company management modes will be totally reformed to exalt core values with the highest values created for stockholders, employees and investors.
The operation income in Q1/2009 is mainly from switches 65%, WLAN 12%, broadband and gateway series 12% and others 11%.
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