HTC Scores EPS of Over NT$48 in 2010
The Taiwan-based High Tech Computer Corp., a world-caliber vendor of smartphones, posted EPS (earnings per share) of NT$48.24 for 2010 and is likely to become the most profitable firm in Taiwan for the year, according to institutional investors.
The firm reported combined revenue of NT$104.005 billion for the fourth quarter of 2010, sharply up 153.26% from a year earlier, and scored net profits of NT$14.593 billion, or NT$18.01 per share, in the quarter. The firm's fourth-quarter combined revenue and net profits both hit record highs.
Conclusively, the firm raked in full-year combined revenue of NT$278.761 billion in 2010, for an annual growth of 92%, and recorded net profits of NT$39.33 billion, or NT$48.24 per share, the firm's third-highest of all time.
Institutional investors pointed out that the firm's banner profits were attributable partly to its increasing sales of higher-end smartphones, and partly to price decline of handset chipsets, which helped the firm to effectively keep its gross profit rate at the level of over 30% in 2010.
Actively exploring the Asia Pacific market and with the higher-end 4G phones slated for launch in the year, the firm is expected to challenge smartphone sales of 50 million units, combined revenue of NT$400 billion and EPS of NT$60 in 2011.
Coincidentally, institutional investors noted that Largan Precision Co., Ltd., Taiwan's largest optical lens maker, also saw its sales revenue hit a record high of NT$3.884 billion in the fourth quarter of 2010. The firm scored a robust net EPS of NT$21.87 in the first nine months of 2010, and its full-year EPS is estimated at NT$30.
Effectively expanding its customer base, Giga Solar Materials Corp., a globally leading supplier of conductive silver-aluminum paste, is also believed to score EPS of NT$35 for 2010, only next to HTC.