Hsinchu, Taiwan, March 22, 2018 -- Alpha Networks Inc. (TWSE: 3380) today announced its consolidated financial results for the fourth quarter and the full year of 2017.
The consolidated revenue for 4Q17 was NT$4,362 million, down 9.8% from last quarter. Gross margin was 12.7%; the sequential decrease was impacted by the appreciation of New Taiwan Dollar and higher costs of certain components. Operating expenses were NT$515 million, down 12.3% from last quarter. Operating income was NT$40 million, or 0.9% of net sales. Net income was NT$70 million, or NT$0.16 per share. 4Q17’s revenue by product categories: LAN/MAN accounted for 64% of 4Q17 consolidated revenue, followed by Wireless Broadband at 29%, and Digital Multimedia at 7%.
The consolidated revenue for 2017 was NT$19,057 million, down 12.7% on a year-over-year basis. However, gross margin was 15.2%, an increase of 0.6 points as a result of better product portfolio and disciplined cost management. Operating expenses was NT$2,280 million, down 10.0% from the prior year. Operating income was NT$612 million, up 0.2 points year-over-year, or 3.2% of net sales. Income before tax was NT$696 million, down 13.4% YoY. However, if gain on disposal of investment in 2Q16, NT$114 million was not included, income before tax of 2017 was up 0.9%, or an increase of NT$6 million year-over-year. Net income after tax was NT$549 million, or NT$1.26 per share. Revenue by product categories: LAN/MAN accounted for 61% of 2017 consolidated revenue, followed by Wireless Broadband at 28%, and Digital Multimedia at 11%.