Chilisin profits surge in September
Posted On 23.10.2018
Source: DigiTimes news
Power inductor specialist Chilisin Electronics has announced net profits hiked 130% from a year earlier to NT$513 million (US%16.6 million) in September 2018, with EPS reaching NT$2.
Profits for the month also exceeded the NT$260 million reported for the first quarter of 2018, and accounted for about two thirds of the NT$773 million generated in the second quarter.
Chilisin disclosed consolidated revenues of NT$2.04 billion for September 2018, rising 73% on year. Pre-tax profits for the month surged 204% from a year earlier to NT$620 million.
Chilisin posted revenues of NT$6.04 billion in the third quarter of 2018, rising 40.4% on quarter and hitting a record high. Revenues totaled NT$13.42 billion for the first three quarters of 2018, rising 44.7% on year.
Chilisin has plans to acquire fellow company Magic Technology in a stock swap where one Chilisin share will exchange for 0.503 Magic share. The share-swap record date is set at November 30. Earlier in 2018, Chilisin completed its acquisition of another fellow power inductor company Mag.Layer Scientific Technics through a stock swap.
Chilisin in 2017 acquired chip resistor maker Ralec and ferrite cores supplier Ferroxcube, as well as an equity investment in China-based Yuanling Xianghua Electronic, a provider of inductors and ferrite materials.
Chilisin reported net profits of NT$1.48 billion on revenues of NT$12.64 billion for 2017, with both results hitting record-high levels. EPS for the year came to NT$7.10.
Market watchers expect Chilisin to enjoy another year of record-high revenues in 2018.
