Delta Announces 2008 Q1 Financial Results – Net Profits Down 18%

Delta Electronics announced its Q1 2008 financial results. Delta’s consolidated Q1 2008 sales revenues were NT$33,519,622,000, net income after tax NT$2,597,965,000, and earnings per share NT$1.23. The figures represent an after-tax profits decline by 17.7% on the year.

Company data revealed gross margin standing at 18.5% in the first quarter compared to 19.5% in the previous quarter and 22.73% of a year earlier. Delta CEO Yancey Hai was quoted in the media as stating that the first-quarter gross margin will be the lowest level for this year and that he expects the company’s gross margin to climb upward from the second quarter.

Power supply units for LCD TVs are currently the company’s fastest growth segment, with monthly production currently running at two million units, while shipments of power supply units for notebooks, desktops and IAs (information appliances) are projected to grow 50%, 15% and 20%, respectively, in 2008.