Etron Announces Q1-Q3 2007 Financial Report

October 30, 2007
Etron Technology (GTSM: 5351) today reported audited financial results for the first three quarters of 2007:

Accumulated revenues from January through September of 2007 totaled NT$9,780 million (US$297 million), up 35.2% from NT$7,235 million (US$223 million) for the same period of last year. Income before tax for the nine months of 2007 reached NT$983 million (US$30 million), rising 111.4% from NT$465 million (US$14 million) for the same period of 2006. Net income for the three quarters of 2007 was NT$963 million (US$29 million), increasing by 126.1% from NT$426 million (US$13 million) for the same period of last year. The company achieved historical record highs in revenues, income before tax, as well as net income, for the first three quarters of 2007.

Earnings per share (EPS) were NT$2.65 before tax and NT$2.60 after tax for the first nine months of 2007. The aforesaid EPS were based on weighted average outstanding shares of 370 million shares of the three quarters of 2007. (EPS were NT$1.25 before tax and NT$1.15 after tax for the nine months of 2006.)

Revenues for the third quarter of 2007 grew to NT$3,701 million (US$113 million), up 36.9% from NT$2,705 million (US$82 million) for the third quarter of 2006. Income before tax for the third quarter of 2007 reached NT$464 million (US$14 million), while net income in the same period was NT$438 million (US$13 million). The company also marked historical highs in revenues, income before tax, and net income, for the third quarter of 2007.