Synnex has announced it’s 1H’15 reviewed consolidated results as follows:
       Q2’15 consolidated revenue was NT$73.2bn, down 6% of YoY. Operating income was NT$0.92bn. PAT was NT$1.3bn, and EPS was NT$0.82, up 14% of YoY. 1H’15 consolidated revenue was NT$143.4bn. Operating income was NT$1.9bn. PAT was NT$2.46bn, and EPS was NT$1.55, grew 15% from NT$1.35 in the prior year.

       The overall performance for Q2’15 was weak and the demand was still not strong. The recent drastically change of international exchange rate of numerous countries has posted significant impact on our consolidated revenue. From a regional perspective, Australia, New Zealand and Indonesia performed remarkably with a significant increase. Australia, New Zealand continuously expanded the market share, and there was still space for improvement in Indonesia market. The 1H’15 revenue of Australia, New Zealand and Indonesia grow over 15% from the prior year which calculating in original currency; Taiwan and Hong Kong kept stable. Due to China market was still lackluster which the market was low demand, highly competitive and high operating risk, Synnex set the strategy for improvement of the operating risk control and quality, and focuses on the growth of profit prior than the revenue.

       On the operating performance, due to the new ERP system and our Asia-Pacific logistics network has been fully upgraded and in operation; It has strengthened the internal operating management and enhanced the efficiency of the operation activity. The gross profit rate for Q2’15 was 3.6%, and the 1H’15 gross profit was 3.7% grown from 3.45% in 2014. Furthermore, the operating expense for Q2’15 was NT$1.68bn almost equal to the prior year due to the proper expense control. Whereas the decrease of the revenue, it increased the expenses rate from 2.2% to 2.3% and caused the decrease for operation income from NT$1.1bn to NT$0.92bn. Because of the high growth performance of the joint venture investment income and other non-operating income, Q2’15 PBT was NT$1.68bn with a significant increase 17% from NT$1.43bn in last year, and the PBT rate also increase from 1.8% to 2.3%. Q2’15 PAT was NT$1.3bn and reached to NT$2.46bn in 1H’15 with growth 13% and 15% from the last year respectively.

       For the core joint venture business, the performance in America, India, Thailand were quite brisk, and investment income for Q2’15 and 1H’15 were NT$ 0.31bn and NT$0.66bn according to the equity method with substantial growth of 19% and 23% respectively. The investment income from joint venture was also the major source of Synnex non-operating income. Total global revenue of approximately NT$ 451bn in Synnex Group's business access the territory across Asia, America, Japan, the Middle East and Africa, more than 30 countries.