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IPC maker PEC achieves positive profits for the first-three quarters of 2013

Ninelu Tu, Taipei; Joseph Tsai, DIGITIMES [Monday 28 October 2013]

Taiwan-based industrial PC (IPC) maker PEC achieved consolidated revenues of NT$1.29 billion (US$43.9 million) for the first three quarters of 2013, an average gross margin of 18.88%, net profits of NT$132 million and earnings per share (EPS) of NT$2.19.

The company's consolidated revenues were NT$487 million for the third quarter with gross margins at 18.4%, net profits of NT$43.65 million and EPS of NT$0.72.

PEC is ready to be listed on the Taiwan Stock Exchange (TSE) on November 21.

In 2012, PEC had 70% of its revenues contributed by the gambling product business, 20% from the gambling product component business, 7% from the industrial PC business and 3% from the aerospace-related product business. 98.58% of the company's products were shipping to non-Taiwan clients in 2012 and its major clients are all located in North America.

As the aerospace market continues to enjoy growth, the company's aerospace-related product business already saw its revenue share rise significantly to 22% in the first half of 2013.

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