Economic Daily News By Wu Ping-kai, Kaohsiung
Source:
https://money.udn.com/money/story/5710/9138215
Fusheng Precision (6670), the global leader in golf equipment manufacturing, released its third-quarter financial report yesterday (13th). The company reported a quarterly profit of NT$486 million, a year-on-year decrease of 45.4%, with earnings per share (EPS) of $3.48.
For the first three quarters of this year, cumulative net profit reached NT$2.022 billion, a year-on-year decrease of 23.8%, with a cumulative EPS of $14.55.
As the company enters its peak shipping season in the fourth quarter, its operational performance is expected to see a significant boost.Market analysts noted that Fusheng Precision’s Q3 performance was affected by the traditional off-season, with quarterly revenue at NT$5.894 billion (down 16.1% YoY and 10.3% QoQ).
However, cumulative revenue for the first nine months of the year reached NT$20.946 billion, surpassing the NT$20 billion milestone and representing a 7.2% year-on-year increase.In terms of profitability, the Q3 net profit was NT$486 million (down 45.4% YoY), with an EPS of $3.48. The cumulative net profit for the first three quarters totaled NT$2.022 billion (down 23.8% YoY), with an EPS of $14.55.Looking ahead to the fourth quarter, analysts further pointed out that, similar to last year, this quarter marks the peak season for golf brand owners to distribute new product models.
Fusheng Precision is expected to achieve high double-digit quarter-on-quarter (QoQ) growth. In October alone, the company recorded revenue of NT$2.51 billion, which is on par with the same period last year.
