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Inventec sees large on-year growth in 1H12 profits

, Taipei
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Notebook ODM Inventec on August 28 released its financial report for the first half of 2012, with net profits of NT$1.785 billion (US$60.5 million) hiking 153.51% on year.

Inventec generated revenues of NT$160.874 billion, gross margin of 4.43%, net operating profit of NT$3.129 billion and net EPS of NT$0.50 for the first half of 2012, the company indicated.

Inventec shipped 3.8 million notebooks in the second quarter and is expected to see sequential growth of less than 10% in third-quarter shipments, according to industry sources.

Article translated by Adam Hwang