The net profit of Communication Exhibition fell 6% in the second quarter
This Internet news is provided from the West Technology Limited
U.S. Eastern Time at 16:00 on August 13- - Communication Exhibition today announced second-quarter earnings report by June 30, 2008. The report showed that the second-quarter revenue of communication exhibition was 40.2 million U.S. dollars, increasing 25%, while the net profit was 2.6 million U.S. dollars, down 6 percent.
Key performance
— Chin’s communications revenue for the second quarter of the total 40.2 million U.S. dollars, an increase of 25 percent, of which the baseband chip revenue rose 42 percent;
— - Communication Exhibition ADS second quarter diluted earnings per share 0.06 dollars, with the last quarter of the same;
— - Communication Exhibition second quarter gross margin was 45.2 percent last year to 45.5 percent last quarter to 44.9 percent;
— - Communication Exhibition second quarter operating margin was 4.2%, 7.9% for the same period last year, the last quarter to 5.1 percent. Excluding share-based expenditures and the acquisition of Quorum generated by the amortization of intangible assets (not in accordance with generally accepted accounting principles), the exhibition’s communications for the first quarter operating margin of 9.8%;
— In accordance with generally accepted accounting principles, the show’s second-quarter net profit of communication 2.6 million U.S. dollars, down six percent year-on-year.
Looking performance:
— Communication Exhibition expected about 20 million U.S. dollars of revenue in the third quarter, 2008, dropping about 50 percent compared to 40.2 million U.S. dollars of the previous quarter. The gross margin of the third-quarter is 43 percent to 45 percent, basically the same with last quarter. — Communication Exhibition estimated about 17 million U.S. dollars to 18 million U.S. dollars operating expenses in the third-quarter .
