ALi Corporation (3041TT) today held its 2013 second quarter online earnings conference and announced consolidated revenue of NT$955 million, consolidated gross profit of NT$436 million with consolidated gross profit margin of 46%, consolidated operating profit of NT$32 million with consolidated operating profit margin of 3%, net income of NT$917 million, and basic earnings per share of NT$3.13 for the second quarter ended June 30th, 2013.
ALi Corporation stated that second quarter’s revenue of NT$955 million, representing an increase of 11% on a quarter-over-quarter basis, was mainly a result of higher demand from retail STB market, Pay-TV operator market in emerging countries, and continuous success of retail IP STB. The year-over-year sales decreased up to 26%, due to the higher quarterly sales base in 2012 retail market resulting from the ASO in Western Europe. Although the second quarterly revenue of 2013 decreased year-over-year, the company has seen the growth momentum in overall Pay-TV market and retail IP STB. Consolidated gross profit margin was 46%, up nearly 1 percentage point compared to the level of previous quarter. Consolidated operating expenses decreased 12% quarter-over-quarter, primarily due to careful cost control. The overall operation improved as consolidated operating profit turned profitable to NT$32 million with operating profit margin of 3%. The significant increase in net income was mainly due to the non-operating income generated by a one-time gain of nearly NT$900 million on the disposal of some floors of Nasa Building in the second quarter this year.
As to the product line contribution in the second quarter, STB accounted for around 90~95% of the revenue. ALi’s STB end markets can be categorized into retail HD, retail SD, retail IP STB (OTT), and Pay-TV operators, which accounted for 35~40%, 20~25%, 10~15%, and 25~30% of STB revenue respectively.
