Golf Gear Maker AIM Sees EPS Hit US$0.088 in First Half

Taipei, Aug.30, 2012 (CENS)--Advanced International Multitech Co. (AIM), original design manufacturer (ODM) of golf gear in Taiwan, saw net profits in the second quarter reach NT$156 million (US$5.2 million), down 20% quarter on quarter (QoQ) and up 58% year on year (YoY), with net profits of NT$354 million (US$11.8 million) in the first half and earnings per share (EPS) growing 133% YoY to NT$2.64 (US$0.088), due to improvements in manufacturing and cost controls.

Due to improving U.S. economy and major golf club segments worldwide, sales of golf gear has risen significantly. Golf clubs in U.S saw sales in the first half shoot up 11.1% YoY, motivating AIM’s major customers including TaylorMade, a leading golf equipment brand under Adidas Group, to place more orders, according to statistics from Golf Datatech, a golf market researcher.

With stable shipments of 3C composite products, AIM’s carbon fiber items generated revenues in the first half up 15.3% YoY to NT$7.175 billion (US$239.17 million).

An AIM manager pointed out that, despite the company’s revenues in the second half predicted to decline due to low season in the third quarter, shipments from August will keep rising, driven also by relatively low inventories and orders of new & old designs.