ALi Corporation (3041 TT) today announced that the total consolidated revenue for May 2012 reached NT$358.3 million, down 32% MoM and up 25% YoY. Aggregate revenue from January to May of 2012 was NT$2.31 billion, up 71% from the same period last year.
The company stated that with the deadline for the switch-off of analogue signals in Western European countries coming up, the company’s strong short-term catalysts surging since the end of last year are wearing off. Meanwhile, short-term inventory adjustment in channels also leads to relatively lower monthly sales numbers in May, which nevertheless is still up 25% from the same period of last year.
ALi Corp. holds more than 50% of the global market share in the retail STB market; the trend for continuous high definition migration will fundamentally improve the company’s product mix to higher ASP and Gross Margin. Besides the retail STB market, the company has been cultivating Pay-TV operators and IP STB market for a couple of years, which would gradually become the next focal points for long-term growth momentum.
ALi Corp. schedules to hold its 2011 Annual General Meeting on June 20th. With an EPS of NT$ 2.24 in 2011, once the earnings distribution is approved, the company will issue a cash dividend of NT$1.78, elevating the dividend pay-out ratio in 2011 to 79%.
Consolidated Sales Report, May 2012 (in NT$1,000)
| Net Sales | 2012 | 2011 | Difference | YoY |
| May | 358,254 | 286,669 | 71,585 | 25% |
| January to May | 2,310,124 | 1,352,727 | 957,397 | 71% |
Year 2012 figures have not been audited.
