Headset maker Merry sees earnings decline sharply in 1Q15
Headset maker Merry Electronics has reported net profits of NT$65.13 million (US$2.12 million) for first-quarter 2015, a sharp decline of 76.3% from a year earlier. The earnings translated into an EPS of NT$0.35 for the quarter compared to NT$1.48 of a year earlier.
First-quarter revenues amounted to NT$2.71 billion, an increase of 1.7% from the same period of a year ago.
Merry expects its sales to stay flat or up slightly in the second quarter compared to the previous quarter as overall demand remains weak, according to a Chinese-language Economic Daily News (EDN) report, citing sources at the company.