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Asustek Posts 46% Surge In Q1 Net Profit, Projects Rise In Q2 Shipments

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Courtesy of Benzinga.

Asustek Computer Inc (OTC: ASUUY) reported a 46% rise in its first-quarter net profit.

Asustek’s quarterly net profit climbed to NT$5.01 billion, from NT$3.42 billion in the year-ago period. However, analysts were expecting a net profit of NT$3.86 billion. Its revenue surged 23% to NT$90.91 billion from NT$73.91 billion.

Asustek projects Q2 shipments of notebook PCs to surge to 4.4 million, from 3.1 million in the year-ago quarter. It also expects tablet PC shipments to climb to 1.2 million, from 400,000 in the year-ago period.

(c) 2012 Benzinga.com. All rights reserved. This material may not be published in its entirety or redistributed without the approval of Benzinga.


For more Benzinga, visit Benzinga Professional Service, Value Investor, and Stocks Under $5.

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