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22 Mar 2012 07:00
Sunplus Announces 2011Q4 Financial Results
Issued Date: March 21st, 2012
Hsinchu Science Park, Taiwan, March 21st, 2012 - Sunplus Technology Co., Ltd. (TAIEX: 2401, LSE: SUPD) today announced its fourth quarter financial results in 2011. The net sales from October to December in 2011 totaled NT$828 million, an increase of 17.7% compared to last quarter and a decrease of 37% compared to the same period in 2010. The operating loss for the fourth quarter in 2011 totaled NT$187 million included the inventories loss of NT$55 million. With the non-operating loss of NT$1,002 million in the fourth quarter of 2011, the net loss after tax totaled NT$1,342 million, and the net loss after tax per share was NT$2.25 based on the outstanding 596,909,919 shares on December 31st, 2011.
The non-operating income and expenses for the fourth quarter in 2011 included disposal gain of NT$4 million, administrative, support and rental revenue of NT$11 million, impairment loss of NT$420 million because of closing down HT mMobile Inc., long-term investment loss by the equity-method of NT$603 million, foreign exchange loss of NT$2 million, and etc..
The net sales from January through December in 2011 totaled NT$3,600 million, a decrease of 41.3% compared to the same period in 2010. The gross margin from January through December in 2011 was 26.62%. The net loss after tax from January through December in 2011 totaled NT$1,985 million, and the net loss per share was NT$3.33 based on the outstanding 596,909,919 shares on December 31st, 2011.
The non-operating income and expenses from January through December in 2011 included disposal gain of NT$223 million, administrative, support and rental revenue of NT$50 million, foreign exchange gain of NT$13 million, long-term investment loss of NT$840 million, impairment loss of NT$704 million, and etc.
Unit: NT$K, except for EPS | 2011Q4* | 2010Q4 | YoY% (Decline) | 2011Q3* | QoQ%(Decline) |
Net Sales | 827,910 | 1,313,387 | (37.0) | 703,263 | 17.7 |
Gross Margin | 172,167 | 434,950 | (60.4) | 136,314 | 26.3 |
Operating Income (Loss) | (186,685) | 1,601 | (11759.2) | (251,174) | (25.7) |
Net Income (Loss) | (1,341,895) | 14,342 | (9456.5) | (549,177) | 144.3 |
EPS** in NT$ (Loss) | (2.25) | 0.02 | (0.92) |
Unit: NT$K, except for EPS | 2011* | 2010 | YoY% (Decline) |
Net Sales | 3,599,747 | 6,129,584 | (41.3) |
Gross Margin | 958,074 | 2,255,319 | (57.5) |
Operating Income (Loss) | (554,981) | 336,416 | (265.0) |
Net Income (Loss) | (1,984,922) | 773,711 | (356.5) |
EPS** in NT$ (Loss) | (3.33) | 1.30 |
* Important Note: Figures not audited yet
** Based on outstanding 596,909,919 shares on 2011/12/31
About Sunplus
Sunplus Technology Co., Ltd., established in 1990, is a leading provider of multimedia IC solutions to home entertainment platforms for DVD players, Set-Top-Boxes, LCD TVs and Digital TVs and upcoming high definition home entertainment products such as BD players, HD Set-Top-Boxes and Full-HD Digital TVs. Sunplus multimedia ICs and system solutions enable customers to build digital home entertainment products with superior quality and performance. Sunplus is headquartered in Taiwan and has service offices in Hong Kong, Shanghai, Shenzhen and Chengdu. For more information, please visit Sunplus website at www.sunplus.com.
Spokesman
Wayne Shen
Tel: +886-3-5786005 ext.2350
E-mail: wayne@sunplus.com
Investor Relations
Ann Lai
Tel: +886-3-5786005 ext.2202
E-mail: annlai@sunplus.com
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