Nuvoton Technology Announces the Financial Results for the Third Quarter of 2010
Hsinchu, Taiwan, R.O.C. –Nuvoton Technology (TWSE: 4919) held Board of Directors meeting today (28), and approved the third Quarter of 2010 financial statements audited by CPA. The consolidated revenue for the third Quarter of 2010 is approximately NT$2,044 million, a decrease of 8% compared to the second Quarter of 2010, an increase of 3% from the third Quarter of 2009. A net income of NT$282 million, an approximately decrease of 6% compared to the last Quarter and EPS of NT$1.36, an increase of 74% from the third Quarter of 2009.
For 2010, Nuvoton posted an accumulated revenue of NT$6,150 million, an increase of 17% YoY, net income of NT$758 million, an increase of 123% YoY,, and earnings per share of NT$3.68.
Nuvoton stated that with the consumer and computer IC gradually moving into the traditional sales season, the third quarter revenue has slightly decreased compared to the second quarter, but with the implementation of portfolio optimization and management benefits, a single quarter and third quarter revenue and profits accumulated substantial growth compared with last year.
Looking into the fourth quarter formally will be the consumer electronics and computer industry's traditional sales season, Nuvoton will continue to uphold the sound business strategy and good management efficiency in order to achieve a stable operating profit target; At the same time Nuvoton will also focus on the 32-bit microcontroller, touch screen, e-books, games and voice recognition and other new applications. Nuvoton is committed to R&D and innovation in pursuit of future revenue and profit growth.
About Nuvoton
Nuvoton Technology Corp. was established in 2008 as a spin-out of Winbond Electronics’ Logic business group and started operation in July. Nuvoton Technology focuses on the R&D and sales in two main product lines: consumer electronics ICs and computer ICs, and leads in global market shares of speech ICs and computer related application ICs. Nuvoton owns a six-inch wafer fab, featuring in special niche process. Besides in-house IC products, the wafer fab also provides part of its capacity for foundry services. Nuvoton Technology provides high cost performance products for its customers by means of flexible technology innovation capabilities, full product solutions and excellent integration of technology synergy. Nuvoton offers superior services based on existing solid foundation and continues to realize its vision: "Be an indispensable partner to industry leaders." Nuvoton values the long-term relationship with its partners and customers; the company has established subsidiaries in the USA, China and Israel to strengthen regional customer support and global management. For more information, please visit www.nuvoton.com
Spokesperson:
Hsiang-Yun Fan
Tel: +886-3-5770066 ext. 3118