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GeoVision Inc. Announced Financial Results for the First Half Year 2014


Issued on: 2014/8/12

GeoVision Inc. announced its first half-year financial report of January to June 2014 at the Board of Directors’ meeting today.

The First Half Year 2014 Ended June 30th:

  • Consolidated revenues were NT$1,110 million, increased 1.7% year-over-year.
  • Consolidated gross profit of 2014 H1 were NT$599 million. Gross margin was down to 54% on account of video surveillance product mix change, compared to 55% of the same period last year.
  • Expenses were increased 10.9% YoY on account of investments expansion in overseas branch offices. Operating income came to NT$292 million and operating margin was down from 30% to 26%.  
  • Foreign exchange losses accumulated in the first half year resulted in 15.9% of YoY decline in profit before income tax.
  • Profit attributable to owners of the parent company decreased 15.6% to NT$252 million. EPS was NT$3.6 based on the current capital of NT$699 million.
  • The Board of Directors passed a proposal at the meeting to increase investments in the USA branches. GeoVision, eying the potential for sales growth in northern American markets, has planned to expand its sales locations in a few big cities in North America.

GeoVision Financial Results:

The following are the highlights of the company financial results for the first half year ended June 30, 2014.

《Consolidated Income Statement》
Taiwan Dollars in NT$K
(except per share amounts in NT$)
Six Months Ended June 30, 2014
  Amount (NT$K) Percentage %YoY
Revenue 1,110,424 100% 1.7%
Gross Profit 598,915 54% -1.4%
Operating income 292,252 26% -11.6%
Profit before income tax 300,828 27% -15.9%
Profit attributable to owners of the parent 252,198 23% -15.9%
Basic earnings per share (NT$) 3.60 -15.9%

* The figures are un-audited.