2002.10.25
Sunplus Announces 3Q02 Financial Result
Science-Based Industrial Park, Hsinchu, Taiwan, R.O.C. October 25, 2002 - Sunplus Technology Co., Ltd. (TSE: 2401, LSE: SUPD) today announced its recently financial results for the nine Months ended September 30, 2002. The net sales were NT$6,493 million, which grew 30.8% compared to the same period last year. Due to price competition, the gross margin declined to 38.3%, which was 41.3% for the same period of 2001.
The net income from operations added up to NT$ 1,516 million. The R&D expenses were 11.9% of the sales revenue and same period of last year was 9.5%. The increase is caused by more new product developments.
The net income amount to NT$1,688 million, with increased non-operating income such as about NT$38 million foreign exchange gain and NT$72 million gain on the dispose of investments in the third quarter of 2002. The earnings per share would be NT$2.43 based on the current 694.95 million shares after stock dividend.
(in NT$M)
Jan~Sep. '02Amount
Jan~Sep. '01Amount
YoYChange
Net Sales
6,493
100.0%
4,965
100.0%
30.8%
Gross Margin
2,486
38.3%
2,049
41.3%
21.3%
Operating Income
1,516
23.3%
1,418
28.6%
6.9%
Net Income
1,688
26.0%
1,727
34.8%
-2.3%
EPS(NT$)* Based on 694.95 million shares
2.43*
2.49*