August 28, 2008 – Color Filter provider –SINTEK Photronic Corp. announced the financial report for 1st half year of 2008, after merge, the EBITA reached NT1.2 billion dollars. Comparing to 2007 at the same season, deficit NT0.404 billion dollars, showed the significant improvement. In addition, after capital-reducing, the EPS for 1st half year reaches NT$2.09, performed the outstanding achievement.
The combined revenue for the 1st half year reached NT5.105 billion dollars. The combined gross profit is NT1.507 billion dollars, and the gross profit ratio approached 29.65%. Comparing to 2007, at the same period, the gross profit was NT0.411 billion dollars, growth 10.77%.
The combined net profit reached NT1.199 billion dollars, and the combined net profit ratio approached 23.59%. Comparing to 2007, at the same period, the net profit was NT0.186 billion dollars, growth 4.85%.
In addition, the EBITA reached NT1.202 billion dollars, comparing to 2007, at the same period, the EBITA was deficit NT0.404 billion dollars. It is improved tremendous amount from deficit to surplus. It is appears, after selling 3.5G and 4.0G plants to CPT, it helped financial situation.
Sintek reduce capital on July, 25 2008, to meet a deficit. After using the new capital, the EPS adjusted from NT1.37 to NT2.09/ per share. Due to the dazzling performance, Sintek stock price increased rocked high, and increased NT0.52, and limit-up at NT8/ per share.
After Sintek sold 2 Color Filter plants to CPT, and kept one profitable 5.0G Color Filter plant. Therefore, the total revenue reduced to NT0.621 billion dollars in July, the monthly revenue reduced about 35.04%, and yearly revenue reduced closed to 32.69%. Sintek plans to transform to product Touch Panel, and invest in PV module.
Beside, Sintek is operating the exchange stock assignment. The capital reduced from NT9.2 billion dollars to NT6.1 billion dollars, the reduce ratio is 34%; which means, per thousand shares exchange for 660 new shares. In other words, per thousand shares reduced 340 shares. Sintek sets September, 29 as the stock exchange day, and will issue new stocks on October, 13. 2008/08/28 |