Investor Relations

GeoVision Inc. Announced Financial Results for the First Half Year 2017


GeoVision Inc. Announced Financial Results for the First Half Year 2017

August 9, 2017–The Board of Directors of GeoVision Inc. (TWSE: 3356) announced the audited financial reports for the first half of 2017.

The First Half Year of 2017 Ended June 30th:

  • Consolidated revenues were NT$788 million, decreased 21% year-over-year.
  • Gross margin was 36%, compared with 47% the same period last year, due to products pricing down and rising manufacturing cost.
  • Operating expenses stay flat but due to decreasing revenues and gross margin, the operating losses amounted to NT$44 million during the first half of this year.
  • Due to weakening US dollars and Euros, losses from unrealized foreign exchanges during the first half year hiked to NT$85 million, which resulted in pretax losses to NT$131 million, or a pretax margin of -16%.
  • Net losses attributable to owners of the parent company were NT$108 million, which declined 208% compared to the same period of last year. Based on the current capital of NT$772.6 million, the EPS was minus NT$1.41 for the first half of the year.
  • The Board of Directors also approved the financial calendar for dividend distribution. The ex-dividend and ex-rights date is November 2, 2017. Book closure period is from November 6 to 10, 2017. Record date is November 10, 2017. The dividends include a cash dividend of NT$0.99364258 and a stock dividend of NT$1.49046381 per ordinary share.
  • GeoVision will exhibit at the Smart+ Manufacturing & Monitech Exhibition in Taipei Nangang Exhibition Center on September 20-22, showcasing its security solutions for smart manufacturing (Industry 4.0). The smart solutions for manufacturing factories will include its in-house designed control center software, access control software, mobile notify and access apps and video management software; as well as hardware, including license plate recognition cameras, VR IP cameras, face recognition cameras, and AOI system for automatic optical inspection.

GeoVision Financial Results:

The following are the highlights of the company financial results for the first half year ended June 30, 2017.

《Consolidated Income Statement》

Taiwan Dollars in NT$K
(except per share amounts in NT$)

Six Months Ended June 30, 2017

2Q 2017


Amount (NT$K)



Amount (NT$K)










Gross profit







Operating losses







Losses before income tax







Losses attributable to owners of the parent







Basic earnings per share (NT$)