2002.07.26
Sunplus Announces 1H02 Financial Result
Science-Based Industrial Park, Hsinchu,
Taiwan, July 26, 2002 - Sunplus Technology
Co., Ltd. (TSE: 2401, FTSE:SUPD) today announced
its financial results for the first half of
2002. Net sales for the 2002 first half were
NT$3.954 billion, which is 33.7% growth compared
to NT$2.956 billion for the 1st half year of
2001. The net sales reached 45.4% of the yearly
forecast NT$8.708 billion for 2002. Due to product
structure change, the operating margin for the
first half of 2002 declined to 38.5%, which
is 1% lower than the whole year forecast 39.5%
of 2002, and also 0.4% less compared to 38.9.0%
for the first half of 2001. The net income from
operation added up to NT$913million, which reached
35.3% of NT$ 2.586 billion yearly forecast.
The result came from the non-operating side
such as about NT$72 million foreign exchange
loss in the first half of 2002. For the stock
market is not good, there were NT$100 million
less than the forecast of gain on the dispose
of investments. The R&D expenses for the first
half were 12.2% of the sales revenue and higher
than same period of last year as 10.3%. The
Net income amounted to NT$933 million so that
earnings per share would be NT$1.34 based on
the current 694.95 million shares after stock
dividend.
(in NT$M) |
1H02 Amount* |
1H01 Amount |
YoY change |
Net Sales |
3,954 |
100 % |
2,957 |
100 % |
33.7% |
Gross Margin |
1,522 |
38.5% |
1,151 |
38.9% |
32.2% |
Operating Income |
913 |
23.1% |
738 |
24.9% |
23.6% |
Net Income |
933 |
23.6% |
967 |
32.6% |
-3.6% |
EPS(NT$) |
1.34 |
|
|