MStar Semiconductor today announced consolidated revenue of NT$9.80 billion (US$325 million), net income of NT$1.66 billion (US$55 million), basic earnings per share (“EPS”) of NT$3.14 for the fourth quarter ended December 31, 2011.
Year-over-year, in NT dollars, fourth quarter revenue increased 20.6% and net income increased 6.0%. Compared to third quarter of 2011, fourth quarter results represented a 5.1% increase in revenue and a 2.8% increase in net income. In US dollars, fourth quarter revenue grew 21.6% from the same period of 2010 and increased 1.4% compared to third quarter 2011; fourth quarter net income increased 6.7% year-over-year while decreased 0.9% compared to third quarter 2011.
It also announced consolidated revenue of NT$35.69 billion (US$1,214 million), net income of NT$6.22 billion (US$212 million), basic EPS of NT$11.76 for the year ended December 31, 2011.
Compared to the year ended December 31, 2010, in NT dollars, 2011 full year results represented a 6.2% increase in revenue and a 4.8% decrease in net income. In US dollars, 2011 full year revenue grew 13.9% and net income increased 2.1% from 2010, respectively.
Gross margin for the year was 42.0%, operating margin was 18.1%, and net margin was 17.4%.
Based on current business outlook, management expects overall performance for first quarter of 2012 to be as follows:
· Considering our sales orders are all quoted in US dollars, revenue is expected to be between US$282 million and US$298 million, representing a growth of -13% to -8% compared to fourth quarter of 2011;
· Gross margin is expected to be between 40% and 42%;
· Operating expenses as a percentage of revenue is expected to be between 24% and 26%.
2011 figures have not been audited or reviewed.
MStar Semiconductor, Inc. today announced that its consolidated net sales for January 2012 were approximately NT$2,591 million (US$86 million), while consolidated net sales for December 2011 were approximately NT$3,181 million (US$105 million) and for January 2011 were NT$2,631 million (US$90 million).
In US dollars, January 2012 consolidated net sales represented a decrease of 18.1% over December 2011 and a decrease of 4.3% over January 2011. In NT dollars, January 2012 consolidated net sales decreased 18.5% month-over-month and decreased 1.5% compared to the same period in 2011.
Figures above for January 2012 and December 2011 have not been audited or reviewed.
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