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Asustek has reported net profits of $187.75 million for the third quarter of 2016, up 45 percent on the last quarter and 42 percent on last year. This could be a sign that the bad-old-days of poor PC sales are fading.
Sales of branded products totaled $33.5 million in the third quarter of 2016, up 14 percent sequentially but down three percent on the year. Operating profits reached $133 million, representing an operating margin of four million and an increase of 14 percent from a quarter earlier.
Gross margin for the third quarter stood at 13.9 percent , meeting the company’s guidance of 12-14 percent.
For the fourth quarter of 2016, branded product sales are expected to reach NT$105 billion, with sales of PC products growing 0-5 percent , mobile devices rallying 10-20 percent, and tablet sales remaining flat, according to company CEO Jerry Shen.
The company projects an operating margin of 3.75-4.25 percent and a gross margin of 12-14 percent for the fourth quarter.
