Synnex has announced its Q3’15 reviewed consolidated results as follows:
Q3’15 consolidated revenue was NT$84.5bn. Operating income was NT$1.31bn. PAT was NT$0.3bn, and EPS was NT$0.19. Q3YTM’15 consolidated revenue was NT$227.9bn. Operating income was NT$3.2bn. PAT was NT$2.76bn, and EPS was NT$1.74.
The overall performance for Q3’15, the demand was stronger than the second quarter and led the revenue growing 15% from Q2. Look back to Q3’14, the release for new products including iPhone 6, Surface Pro 3 and Xbox One hit the market, and gave rise to revenue becoming the second highest record. In 2015, due to the lack of the new product release and the impact from currency depreciation, Q3’15 revenue decreased of 7% from the highest record in last year.
On the operating performance, the gross profit rate was 3.6%, higher than 3.5% in prior year. Operating expense was NT$1.7bn remained stable as the prior year. Q3’15 operating expense rate decreased to 2.0% leading to increase 1.6% in operating income rate. To accumulate Q3’15 operating income was NT$3.21bn and operating income rate was 1.4%.
For the core joint venture business, the performance in America, India, and Thailand were quite brisk in Q3. The revenue and profit of joint venture business all performed well, not only raised the stock price in the meantime, but also brought in NT$10bn potential profit. The investment income for Q3’15 was NT$0.34bn according to the equity method with substantial growth of 42% compared to prior year. For the other income, due to the drastically change of RMB, the long-term loan to China business units from Synnex had recorded the unrealized exchange loss NT$1.55bn (which has been reversed NT$0.28bn along with the opposite trend recently), and led the Q3’15 PAT became NT$0.3bn, and EPS was NT$0.19. Q3YTM’15 PAT was NT$2.76bn, and EPS was NT$1.74.
Look forward to the 4th quarter, Synnex Oct’15 revenue was NT$29.6bn which was the highest record in October. The market in Q4 including the launch of Apple iPhone 6s, the new generation for Microsoft/Apple tablet and Skylake for all kinds of PC brands will boost the demand. The revenue of the 4th quarter expected to enjoy a significant growth.
