News

MSI™™ 3Q net profits rose nearly 10-fold

Type: Media News
Latest Update: Thu, 30 Oct 2003

Micro-Star International (MSI™) yesterday reported a nearly 10-fold rise in third-quarter net profits, helped by cost down and shipment growth.

The first-tier motherboard maker booked a net profit of NT$797 million in the third quarter, up 996% from NT$80 million in the second quarter. Its gross margin rose 2.05 percentage points on-quarter to 10.2%.

MSI™ benefited significantly from cost down in the third quarter, as it began mass production at its Kunshan plant located in Jiangsu Province, China, in July. The factory, which focuses on PC system production, has nine SMT lines and will have 20 AMT lines by the end of the year.

The company's other China plant is located in Shenzhen (Baoan), Guangdong Province. It focuses on barebone system production. MSI™'s only Taiwan plant was downsized in June as production shifted to Kunshan.

The Taiwan factory now has nine SMT lines, a reduction of 22. It is estimated that MSI™'s China production ratio has reached 70-80% currently, up from 60% in the second quarter.

MSI™ shipped 3.65 million motherboards in the third quarter, up 12.5% from the second quarter, and 2.15 million graphics cards, up 34.4% from the second quarter.

MSI: 3Q 2003 financial results (NT$m)
 
3Q
Q/Q
1Q-3Q
Y/Y
Revenues
15,993
17.6%
46,470
16.2%
Gross margin
10.2%
2.05pp
10.6%
1.97pp
Pre-tax profits
868
859%
2,238
(14.6%)
Net profits
797
996%
2,061
(10.5%)
EPS (NT$)
0.85
607%
3.12
(10.9%)

 

 

 

 

 

(News Source From Digitimes.com)

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