Winbond Announces the Financial Results for the Fourth Quarter of 2012
(ENP Newswire Via Acquire Media NewsEdge) ENP Newswire - 08 February 2013
Release date- 06022013 - Hsinchu, Taiwan - Winbond Electronics Corporation today announced the financial results for the fourth quarter of 2012.
On an unconsolidated basis, net sales were NT$6.236 billion, a decrease of 5% QoQ and an increase of 9 % YoY, with gross margin of 8%. Net loss for the fourth quarter was NT$ 556 million; loss per share was NT$0.15.
Total revenue in 2012 was NT$25.419 billion, a decrease of 6.6 percent compared to 2011. On a consolidated basis, net sales for the fourth quarter were NT$ 7.87 billion, a decrease of 8 % QoQ, with gross margin of 15%. Consolidated revenues in 2012 totaled NT$32.965 billion, a decrease of 4.99 percent compared to 2011.Loss per share in 2012 was NT$0.5.
The QoQ decline in 4Q12 was due to price erosion, inventory adjustment in the channels, and decreased capacity utilization. While 58nm products accounted for 20% of Flash Sales and 46nm products accounted for 25% of Specialty DRAM revenue which will enhance cost competitiveness in the following quarters. To break down business line, 44% of revenue was from Specialty DRAM, 45% from NOR Flash and 11% from Mobile RAM.
Looking forward into 2013, as a leading supplier of medium/low density memory, we see smart portable devices, LCD TV and networking may drive demand in 2H13. Furthermore, DRAM industry consolidation may lead stable and healthy markets. Winbond will continue to maintain good customer services, improve business by better product mix and balanced product portfolio between DRAM and Flash.
As for Flash products, to sustain market position, we plan to expand business from Serial Flash to Code Storage Flash covering 4C applications. For Specialty DRAM, we intend to improve profitability by providing KGD (Known Good Die) services and developing business into high entry barrier markets, such as automotives, industrial and games, etc. For Mobile RAM, Winbond will strengthen R&D and sales force on medium density Low Power DRAM as well as increase revenue of 46nm Pseudo RAM.
Winbond expects to keep stable business growth with strong financial condition, better customer and product portfolios amid challenging markets throughout 2013.
[Editorial queries for this story should be sent to email@example.com]
((Comments on this story may be sent to firstname.lastname@example.org))
(c) 2013 Electronic News Publishing -
[ InfoTech Spotlight's Homepage ]