30 Jul '12, 4am

Silicon Motion reports slight profit increase for 2Q12

Silicon Motion reports slight profit increase for 2Q12 Steve Shen, DIGITIMES, Taipei [Monday 30 July 2012] Silicon Motion Technology has announced its net sales increased 8.8% on quarter to US$69.7 million in the second quarter of 2012, while net income (non-GAAP) increased to US$14.6 million or US$0.42 per diluted ADS in the same quarter compared to US$14.0 million or US$0.41 per diluted ADS in the previous quarter. Net income (GAAP) for the second quarter decreased sequentially to US$10.7 million or US$0.32 per diluted ADS from a net income of US$13.0 million or US$0.39 per diluted ADS in the first quarter of 2012. Sales of new growth products, including LTD and SSD plus embedded products, more than offset the unfavorable market conditions relating to sales of the company's core products and contributed to second quarter growth, said president and CEO Wallace Kou. Sales ...

Full article: http://www.digitimes.com/news/a20120730PB200.html

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