Nanya and Inotera Set New Highs in 2014 Revenue
2015/02/09 | By Ken LiuNanya Technologies Corp. announced total revenue of NT$49.10 billion (US$1.53 billion) in 2014, rising 8.5% year on year to a four-year high, with Inotera Memories Inc. having generated consolidated revenue of NT$82.69 billion (US$2.58 billion) in the same year, surging 40% year on year to an all-time high.
Both companies are dynamic random access memory subsidiaries under the Formosa Plastics Group (FPG), one of the oldest, mega- conglomerates in Taiwan whose businesses cover, petrochemical, plastics, healthcare etc.
Inotera estimates its revenue for December at NT$7.03 billion (US$219.87 million), inching up 0.6% from a month earlier but slipping 13.6% year on year. The December result helped raise Q4, 2014 revenue to NT$20.7 billion (US$648.37 million), up 2.4% quarter over quarter.
Although the company's revenue for Q4, 2014 failed to set new high, industry executives forecast the company's earnings for that quarter to rise partly due to the devaluation of NT-dollar against greenback in the latter half of 2014.
Its after-tax net income for Q3, 2014 of NT$11.62 billion (US$363.40 million) included the NT$1.1 billion (US$34.37 million) from foreign exchange gains. Inotera executives estimate corporate earnings for the final quarter to exceed the third quarter's in light of steadily declining NT-dollar to greenback ratio.
Industry executives put the company's earnings for Q4, 2014 at around NT$12.5 billion (US$390.62 million), with after-tax net margin likely to rise to over 60% from 57.38% in the previous quarter.
Based on NT$5.31 the company made per share throughout the first three quarters, industry executives estimate the company's per-share earnings to be at least NT$7 last year.
Inotera is migrating to 20-nanometer process from 30nm, with plans to begin volume production using the latest process sometime in Q2, 2015 and end this year with 80% of its production on 20nm process.
Nanya had consolidated revenue of NT$4.16 billion (US$130 million) in December, up 1.3% from the previous month and 3.1% from the same month of 2013. Its revenue for Q4, 2014 was NT$12.40 billion (US$387.71 million), down 5.2% quarter over quarter. Throughout 2014, its consolidated revenue was NT$49.10 billion (US$1.53 billion), rising 8.5% year on year.
Although Nanya estimates its sales for Q4, 2014 to slip from a quarter earlier, industry executives project corporate earnings for the fourth quarter to stay on par, or exceed NT$7.46 billion (US$233.18 million) it had made in the previous quarter.
Based on the company's after-tax net income of NT$8.21 per share for the first three quarters, industry executives project the company to generate annual earnings to equal its capitalization by the end of 2014.
(KL)
Nanya and Inotera Revenues for 2014
| Stock code
| Company
| Revenue
| YoY Change (%)
|
| 2408
| Nanya
| NT$49.10bn
| 8.5
|
| 3474
| Inotera
| NT$82.69bn
| 40.1
|