Accton and Arcadyan post mixed earnings for 1Q11 - ResearchInChina

Date:2011-04-28liaoyan  Text Size:

Network equipment makers Accton Technology and Arcadyan Technology have posted mixed earnings for the first quarter of 2011, with the former seeing its net profits increase 17% sequentially to NT$146 million (US$5.05 million) translating into an EPS of NT$0.29, while Arcadyan saw its net profits slip 13% on quarter to NT$129 million translating into an EPS of NT$1.03.

Accton's gross margin stood at 16% in the first quarter compared to 15.3% a quarter earlier, while Arcadyan posted a gross margin of 11% in the first three months of the year.

Meanwhile, Accton, which recorded an EPS of NT$2.02 in 2010, has decided to hand out dividends of NT$1.78 for the year, including NT$1.42 in cash and NT$0.36 in shares.

Based on an EPS of NT$5.03 in 2010, Arcadyan plans to distribute dividends of NT$2.2 for the year, half in cash and half in shares.

2005-2011 www.researchinchina.com All Rights Reserved 京ICP备05069564号-1