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
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]