Top circuit designer MStar reports Q1 EPS of NT$2.91

The China Post news staff and CNA

MStar, a leading local integrated circuit designer, yesterday reported first-quarter earnings per share (EPS) of NT$2.91, beating its major rival MediaTek for the second quarter in a row. At the end of April MediaTek posted first-quarter EPS of NT$2.19. At MStar’s investors’ conference yesterday, the firm reported consolidated sales of NT$8.916 billion, a decline of 9 percent quarter-on-quarter and a rise of 8.6 percent year-on-year. Its gross profit margin was 42.5 percent, and net profit was NT$1.539 billion, translating into earnings per share of NT$2.91. The NT$8.916 billion consolidated revenue for the first three months was a decline of 9 percent from the fourth quarter last year and in line with the firm’s own estimate of between 8 and 13 percent. But when reported in the U.S. dollar, the sales were a rise of 7.5 percent from the last quarter as exchange rate factors were eliminated. For the month of March, the firm had sales of US$116 million, a rise of 17.5 percent month-on-month and the highest over the past six months. The firm attributed the successes to strong demands in the television, mobile handset and set-top box (STB) sectors. As for the second quarter, sales of handset and STB chips may rise even further on good business during the weeklong May 1 holidays in China, the company said. Shipments of TV chips are also expected to increase in the run-up to the Summer Olympics in London. The firm has unveiled a capacitive sensing chip that has garnered attention from mobile phone manufacturers, it revealed. Sales of MediaTek, meanwhile, rose slightly in April as the company remained upbeat about smartphone chip shipments in the second quarter.

MediaTek yesterday reported consolidated net sales of NT$7.94 billion in April, down 3.48 percent from March but up 4.19 percent from the same month in 2011.