Asustek Computer has reported internet lack of NT$2.82 billion (US$91.5 million) or EPS of adverse NT$3.80 for the fourth quarter of 2018, due primarily to a one-time lack of NT$6.2 billion stemming from its smartphone enterprise restructuring. The firm’s internet income for 2018 went down 73% on 12 months to reach at solely NT$4.24 billion with EPS reaching NT$5.70, a brand new low since 2009.
Asustek generated consolidated revenues of NT$88.1 billion for the fourth quarter of 2018, down 6% sequentially and 15% on 12 months. Gross margin for the quarter was 4.1% and working margin was adverse 7.2%. The firm’s 2018 gross margin was 10.6% and working margin was 0.8%.
Asustek has already begun reorganizing and adjusting its smartphone technique within the first half of 2019. The firm’s PC enterprise is anticipated to see a income decline of round 5-10% sequentially and its motherboard/graphics card enterprise may have an round 5% drop within the first quarter due to seasonality in addition to adverse components together with Intel’s CPU shortages and US-China commerce tensions.
The firm expects its smartphone enterprise to be again on observe within the second half of 2019, whereas its PC enterprise may also start see development through the interval.
Asustek stated it is going to distribute dividends of NT$15 per share in money.
Asustek’s 2018 efficiency undermined by smartphone reorganization
Photo: Digitimes file photograph
