ALi Corporation (3041 TT) today announced the total consolidated revenue for October 2012 reached NT$422.4 million, representing a decrease of 23.3% MoM but an increase of 37.0% YoY. Aggregate revenue from January to October of 2012 was NT$4.36 billion, up 51.9% from the same period last year.
The company expressed that economic downturns in certain regions lead to lower-than-expected demand in this holiday season. However, the China market sees progress at the onset of the fourth quarter, with promising performance from not only Retail IP STB but also Pay-TV operators. Looking forward, momentum for future growth is driven by the transition from SD to HD, cultivated relationship with Pay-TV operators and development of Retail IP STB.
As announced on Oct. 25, ALi Corporation plans to acquire Abilis Systems from Kudelski Group for USD $18M(approximately NTD $526M)(Note1), aiming at complementing existing STB product lines as well as client base and boosting revenue. Furthermore, ALi will collaborate with Kudelski in product deployment for the Pay-TV market. Both parties agree to integrate Nagra On-Chip Security onto ALi’s lines of chipsets, which are to launch in the second half of 2013, providing Pay-TV operators more secure, cost-effective chipset platforms powering innovative set-top boxes and modules.
To focus on core business, ALi Corporation has decided to dispose of the 7th-10th floors and corresponding parking and public spaces of its office building, the NASA Building (Note2), through a public bidding to be handled by Savills with a starting bid of NTD $1.8 billion.
Consolidated Sales Report, Oct. 2012 (in NT$1,000)
| Item | Oct. | Sep. | Difference | MoM |
| Net Sales | 422,392 | 550,637 | (128,245) | (23.3%) |
| Item | 2012 | 2011 | Difference | YoY |
| Oct. | 422,392 | 308,336 | 114,056 | 37.0% |
| Jan. to Oct. | 4,361,499 | 2,871,479 | 1,490,020 | 51.9% |
Note: Figures have not been audited.
Note1: The cash and cash equivalents totaled NTD$3.9 billion for the period ended Sep 30, 2012.
Note2: ALi Corporation will keep the 4th -6th floors as headquarters and for future expansion use.
