VIA Announces 2Q’04/1H’04 Results

Taipei, Taiwan, 31 August 2004 – VIA Technologies, Inc., a leading innovator and developer of silicon chip technologies and PC platform solutions, today announced financial results for second quarter 2004.

Net sales for 2Q’04 were NT$4,485 million. Net loss was NT$1,675 million; based on the current 1,324.154 million shares outstanding, earnings per share were reported as negative NT$1.26.

For the first half of the year, net sales totaled NT$8,894 million. Net loss was NT$1,624 million; based on 1,324.154 million shares outstanding, earnings per share for the first half of the year were reported at negative NT$1.23.

Table 1: Quarterly Income Statements

    2Q04   1H’04
(in NT$1,000, except EPS)   Amount % Amount %
Net Revenue   4,485,412 100.0% 8,894,286 100.0%
Cost of Goods Sold   (3,136,944) -69.9% (6,138,109) -69.0%
   Gross Profit   1,348,468 30.1% 2,756,177 31.0%
Operating Expenses   (1,424,170) -31.8% (2,616,669) -29.4%
   Operating Profit   (75,702) -1.7% 139,508 1.6%
Non-Operating Income   126,434 2.8% 391,295 4.4%
Non-Operating Expenses   (1,781,301) -39.7% (2,212,052) -24.9%
   Income Before Tax   (1,730,569) -38.6% (1,681,249) -18.9%
Income Tax Credit (Expense)   55,840 1.2% 57,738 0.6%
Net Income   (1,674,729) -37.3% (1,623,511) -18.3%
EPS (1,324,154 K shares)   -$1.26     -$1.23  

Table 2: Balance Sheet

(in NT$1,000)   June 30, 2004
    Amount %
Cash & ST Investment   3,934,773 14.1%
Receivables   3,950,558 14.1%
Inventory   4,283,945 15.3%
Other Current Assets   637,876 2.3%
   Total Current Assets   12,807,152 45.8%
LT Investment   11,406,025 40.8%
Fixed & Other Assets   3,739,196 13.4%
   Total Assets   27,952,373 100.0%
Current Liabilities   8,044,899 28.8%
LT Debt   0 0%
Other Liabilities   219,202 0.8%
   Total Liabilities   8,264,101 29.6%
   Total Shareholders’ Equity   19,688,272 70.4%

 

VIA PR Contacts

International:
Richard Brown
Phone: (886)-2-2218-5452 #6201
Fax: (886-2)-2218-5453
Email: Richard_Brown@via.com.tw

Note to reporters, editors and writers: VIA is spelled in ALL CAPS.

All product or service names mentioned herein are the trademarks of their respective owners.

VIA Technologies, Inc.