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thelurker

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thelurker

Re: None

Wednesday, 10/28/2009 7:15:29 AM

Wednesday, October 28, 2009 7:15:29 AM

Post# of 432679
Inventec Appliances aims at 4Q09 revenues of NT$15 billion
Daniel Shen, Taipei; Steve Shen, DIGITIMES [Wednesday 28 October 2009]

Taiwan-based handset maker Inventec Appliances expects consolidated revenues to increase from NT$11.6 billion (US$354 million) posted in the third quarter to NT$15 billion in the fourth mainly due to peak season effects and the launch of new models, according to the company.

The third-quarter revenues represent a sequential growth of 52.3%, thanks to increasing shipments of new iPods and TomTom's PNDs, the company noted.

Operating profits totaled NT$2.6 billion in the first three quarters of 2009, with a gross margin of 9.7%. Net profits stood at NT$230 million, or NT$0.43 per share, for the nine-month period, according to company data.
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