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 News & Events |
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2006/4/28 |
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System System General Reports First Quarter After-tax EPS of NT$0.83
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Taipei, Taiwan, April 28, 2006 - System General Corporation (TAIEX: 6280) today announced revenue and net income for the quarter ending March 31, 2006. First-quarter revenue reached NT$310.4 million with after-tax net income of NT$46.2 million, or NT$0.83 per fully-diluted share.
On a year-over-year comparison basis, the first quarter results represent a 17.6% increase in revenue and a 7.3% increase in after-tax net income. However, due to increased expenditure for legal services, operating income decreased by 8.2%. And because the first quarter is traditionally low season for the IT industry, revenue decreased by 5.4% compared to the previous quarter.
The ITC patent infringement litigation between System General and Power Integrations (PI) (ITC-337-TA-541) remains in process. It went on trial in January and thus resulted in an initial increase in legal fees for the first quarter. Nevertheless, it's not expected that total annual legal expenses for 2006 will be higher than for the previous year. And regardless of the litigation process, System General still earned after-tax net income of NT$46.2 million and fully-diluted earnings per share came to NT$0.83 per share.
First quarter income statement highlights:
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