Asustek Q3 profit surges 235%

GROWTH DRIVERS: Gross margin improved in the third quarter, bolstered by new product launches and a better product portfolio, chief financial officer Nick Wu said

Taipei Times
Date: Nov 14, 2019
By: Natasha Li  /  Staff reporter

Asustek Computer Inc (華碩) yesterday reported a 235 percent quarterly surge in its unaudited standalone profit for last quarter, while revenue increased 24 percent on a quarterly basis, thanks to strong sales in Europe and the Asia-Pacific.

The unaudited profit of NT$5.63 billion (US$184.6 million) for Asustek’s brand-name business translated into earnings per share of NT$7.6 for last quarter, it said.

Third-quarter revenue reached NT$88.47 billion — better than its guidance of a 20 percent increase from NT$71 billion in the second quarter, it said.

Gross margin improved from 13.8 percent in the second quarter to 15.3 percent, aided by new product launches and a better product mix, Asustek chief financial officer Nick Wu (吳長榮) told investors through an online conference.    [FULL  STORY]

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