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Synnex Technology International 2021 net profit hits record

Adam Hwang, DIGITIMES, Taipei 0

Credit: DIGITIMES

IT and consumer electronics channel distributor Synnex Technology International recorded a net profit of NT$17.272 billion (US$621 million) for 2021, the historically highest annual level and an increase of 111.70% on year, according to the company.

Synnex Technology posted consolidated revenues of NT$123.931 billion, gross margin of 4.09%, operating profit of NT$2.810 billion, net profit of NT$3.051 billion, and net EPS of NT$1.83 for the fourth quarter of 2021. The consolidated revenues, gross margin, and operating profit achieved respective quarterly records.

For the whole year, Synnex Technology posted consolidated revenues of NT$408.812 billion, a gross margin of 4.31%, an operating profit of 9.933 billion, and a net EPS of NT$10.35.

Synnex Technology has decided to distribute a cash dividend per share of NT$5.00 for 2021, accounting for 48.31% of the corresponding net EPS.

Synnex Technology International: Breakdown of consolidated revenues by product category (NT$b)

Product category

4Q21

Y/Y

2021

Y/Y

Business-use IT

32.3

14.5%

107.4

18.5%

IT for other use

57.7

38.4%

165.6

16.9%

Telecom

4.9

14.0%

16.5

15.4%

IC components

29.0

12.8%

119.3

36.2%

Source: Company, compiled by DIGITIMES, March 2022