Investor Relations

GeoVision First Three Quarters Report 2014


Issued on: 2014/11/7

November 7, 2014- GeoVision Inc. has announced the results of the first three quarters approved by the Board of Directors at the meeting held today.

The First Three Quarters Ended September 30th 2014:

  • Consolidated revenues were NT$1663.7 million, decreased 2.0% year-over-year.
  • Gross profit margin were 53%, 2% down from 55% of the same period of last year owing to the products mix moved forward to higher IP cameras ratio.
  • Operating income decreased 14.7% YoY to NT$432.7 million owing to the increase of sales expenses in the North American branches and trade shows.
  • The foreign currency exchange loss in the first three quarters 2014 partly offset the other income for the first three quarters. 
  • Consolidated net income decreased 19.3% compared to the same period last year to amount to NT$362.6 million.
  • Earnings per share was NT$5.18 for the first three quarters according to the current capital of NT$699.8million.

The company also announced the preliminary financial results of October 2014 today.

  • Consolidated revenues were NT$198.3 million, decreased 7.9% year-over-year. Total revenues from January to October were NT$1,862.0 million, a decrease of 2.7% from NT$1,913.3 million in the same period of 2013.
  • Earnings before taxes for October were NT$49.0 million, representing the pretax profit margin of 24.7%. Earnings before taxes from January to October decreased 19.6% to NT$481.7 million, or pretax profit margin of 25.9%.
  • The pretax EPS was NT$0.70 for October and NT$6.88 for the ten months.

《Consolidated Income Statement》
Taiwan Dollars in NT$K (except earnings per share amounts in NT$) 
Unit: NT$K The First Three Quarters of
January to September, 2014
  Sales (NT$K) Sales (NT$K) %YoY
Revenue 1,663,678 100% -2.0%
Gross Profit 887,359 53% -5.3%
Operating Income 432,662 26% -14.7%
Income before Tax 432,694 26% -19.6%
Consolidated Net Income 362,559 22% -19.3%
EPS (NT$) 5.18  

《Preliminary Income Statement》
Unit: NTD$K October 2014 January- October 2014
  Amount % YoY Amount % YoY
Net Sales 198,337 100 -7.9% 1,862,015 100 -2.7%
Earnings before Tax 48,960 24.7 -19.8% 481,654 25.9 -19.6%
EPS before tax (NTD$) 0.70 -27.1% 6.88 -26.9%

* The figures are un-audited.