Synnex Technology sees consolidated revenues up 20.1% on year in 2007

By eeyjaga

Press release, January 10; Adam Hwang, DIGITIMES [Thursday 10 January 2008]

Synnex Technology International, the largest 3C (computer, communication, consumer electronics) channel distributor in Taiwan, on January 9 reported estimated consolidated revenues of NT$15.27 billion (US$470 million) for December 2007, with the resulting whole-year figure of NT$170.9 billion for 2007 growing by 20.1% on year.

Of the consolidated revenues for all of 2007, 70% came from overseas markets, higher than the 63% posted in 2006, Synnex Technology indicated. This was mainly due to fast growing sales in China, Australia and Thailand, the company noted.

Synnex Technology’s consolidated revenues of NT$44.6 billion for the fourth quarter of 2007 was the second highest on record for the company.

Breakdown of estimated consolidated revenues by product category (NT$b)

Product category

December 2007

Y/Y

4Q07

Y/Y

Entire 2007

Y/Y

IT

11.24

26.7%

32.3

25.7%

124.4

24.6%

Communications

1.44

(11.7%)

4.3

(8.5%)

16.7

(16.5%)

IC components & others

2.59

49.7%

8.0

37.9%

29.8

32.4%

Aggregate

15.27

24.9%

44.6

23.2%

170.9

20.1%

Source: Company, compiled by Digitimes, January 2008

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