The performance for 2015 Q4 after the audit by CPA, consolidated revenues for Q4’15 was NT$94.2bn, and operating income was NT$0.74bn, with decrease of 24% YOY. PAT was $0.43bn, with decrease 69% YoY. The after-tax EPS for Q4’15 was NT$0.27. The total consolidated revenue of FY15 was NT$322.1bn which slightly decreased 3% YOY comparing to FY14. Operating income was NT$3.95bn, fell 11% from the prior year. The PAT was at NT$3.19bn, fell 37% from the prior year. The annual after-tax EPS was NT$2.01. 
 

        The overall performance for 2015, the gross profit of FY15 had grown from 3.5% to 3.6%, whereas the expenses increased from NT$7.08bn to NT$7.64bn due to the provision of bad debt expense increase in Q4 resulted in the increase of expense ratio to 2.4%. 

        For the joint venture business, the markets in US, India and Thailand performed remarkable revenue and profit with strong growth. Total investment income under the equity method of 2015 was NT$1.40bn, with growth of 24% YoY. 

        For the other income and loss, due to the significant change in exchange rate of USD/RMB, Synnex accrued the foreign exchange loss for the USD loan in China business, amount of NT$2.42bn in FY15 (which was equivalent to NT$1.5 per share). Therefore, PAT of FY15 only reached NT$3.19bn, after-tax EPS was NT$2.01.

        Look forward to 2016, due to the adjustment of open position of USD/RMB had completed in Q1, it could minimize the USD/RMB exchange rate impact on 2016 EPS. According to the latest release of revenue from Jan. to Feb. of 2016, the YTM YOY growth had reached to 18%. Synnex could enjoy the high profit year of 2016, and get rid of the low profit year of 2015. 

        In addition, BOD resolved and declared the dividend distribution of total NT$2.0 per share, which is including cash dividend of NT$1.5 and stock dividend of NT$0.5 per share.