Listed connector makers report high revenues, profits for August

Taipei, Sept. 23, 2003 (CENS)--Several major connector makers in Taiwan reported record high August revenues and recorded higher-than-expected ratios of their annual revenue goals.

Aided mainly by strong demand from 3C (computer, communication, and consumer electronics), notebook PC and networking/telecommunication segments, local connector makers P-Two Industries Inc., Ji-Haw Industrial Co., Ltd. And I-Sheng Electric Wire & Cable Co., Ltd. Reported historically high revenues last month.

I-Sheng, Ji-Haw, WanShih Electronic Co., Ltd. And Jess-Link Products Co., Ltd., said will the chance to raise their annual goals due to encouraging revenue and earnings performances in the first eight months of the year.

P-Two scored revenue of NT$37.11 million (US$1.09 million at US$1: NT$34.1) in August, up 92% from one year earlier and a historical monthly high. P-Two said that it had accumulated pre-tax profit of NT$152 million (US$4.46 million) in the first eight months, down 18.1% from one year ago and equivalent to pretax earnings of NT$2.53 (US$0.07) per share.

I-Sheng, the sole supplier of electric wires for Play Station (PS)-2 game consoles made by Sony, reported pretax profit of NT$31.05 million (US$0.91 million) in August, a historical high, and the company's accumulated pretax earnings for the first eight months reached NT$247 million (US$7.24 million), up 89% from one year earlier. I-Senng claimed that it already achieved 76.7% of its annual profit goal in the first eight months and generated earnings of NT$3.84 (US$0.11) per share.

Plastron Precision Co., Ltd., a leading connector maker, reported the firm's second highest monthly pretax profit record of NT$35.15 million (US$1.03 million) in August, up 100% from the same month of last year. The company scored accumulated pretax profit of NT$219 million (US$6.42 million) in the first eight months, up 78% from one year earlier and reaching 62.5% of its annual profit goal.

WanShih registered pretax profit of NT$12.69 million (US$0.37 million) in August and NT$91.34 million (US$2.68 million) in the first eight months. The company's January-August pretax profit was up 34.4% from last year and reached 85% of its annual profit goal. Earnings per share stood at NT$2.98 (US$0.09).

Ji-Haw reported that its August revenue and profit hit historical highs. The company's August pretax profit reached 26.76 million (US$0.78 million), up 183% from one year earlier, and its pretax profit of NT$117 million (US$3.43 million) for the first eight months was up 52.3% from last year and attained 82.6% of the company's annual profit goal.

As its mainland Chinese investment did not generate expected rewards, Jye Tai Precision Ind. Co., Ltd., however, saw its August pretax profit of NT$20.5 million (US$0.6 million) drop 13.5% from last year. The company's total pretax profit for the first eight months was NT$101 million (US$2.98 million), achieving only 49.2% of its annual revenue goal and generating NT$1.33 (US$0.04)in earnings per share.