Home iST 2020 Annual Revenue Report

iST 2020 Annual Revenue Report

Home iST 2020 Annual Revenue Report

iST 2020 Annual Revenue Report

by yuting

Issued date: 2021/02/01
Issued by: iST

iST (TWSE:3289) today (February 1, 2021) announced its financial statement of full year 2020 on a consolidated basis.

 

Revenues for 2020 totaled approximately NT$ 3.043 billion, an increase of 20.75% YoY.

 

Gross profit in 2020 was about NT$ 840 million, an increase of 108.85% YoY, and the gross profit rate of 2020 is 27.62%, an increase from 15.97% of gross profit rate in 2019.

 

Net operating profit in 2020 was about NT$ 229 million, which has turned a loss into a profit compared with the same period last year.

 

Net profit before tax in 2020 was about NT$ 257 million, which has turned a loss into a profit compared with the same period last year.

 

Net profit attributable to parent company after tax for 2020 was approximately NT$ 262 million, which increased 240.62% YoY.

 

EPS for 2020 was approximately NT$2.80, an increase of 154.56% YoY.

 

iST said, its operation has been adjusted well. On the financial front, liquidity ratio has increased from 83% in 2018 to 100% in 2019, and goes up to 140% in 2020, means the solvency has been greatly improved. In addition, the debt ratio has also decreased from 68% in 2018 to 53% in 2019, and goes down to 47% in 2020, which means the financial structure has significantly improved.

 

iST further pointed, revenues for 2020 totaled approximately NT$ 3.043 billion, an increase of 20.75% YoY. And the gross profit rate of 2020 is 27.62%, which has surpassed the 15.97% of gross profit rate in 2019.

 

In addition, the net profit attributable to parent company after tax for 2020 was NT$ 229 million, and EPS for 2020 was approximately NT$2.80, which has exceeded NT$ 77 million and NT$1.10 of the relevant figures in whole 2019 respectively.

 

iST’s 2020  Consolidated Revenue Results

(Unit: NT$ thousands, except EPS)

Item 2020 2019 Increase
(Decrease)
%
Operating
Revenue
3,042,863 2,519,925 20.75%
Operating
Gross margin
840,382  402,377 108.85%
Net operating profit and (loss) 228,602 (211,114) 208.28%
Net profit and (loss)
before tax
257,223 (228,314)   212.66%
Net profit and (loss) after tax attributable to the parent company 262,030 76,927 240.62%
EPS and

(negative EPS)
NT$

2.80 1.10 154.56%
About Integrated Service Technology

Founded in 1994, iST began its business from IC circuit debugging and modification and gradually expanded its scope of operations, including failure analysis, reliability verification, material analysis and so on. iST has offered full-scope verification and analysis services to the IC engineering industry, its customers cover the whole spectrum of the electronics industry from IC design to end products.http://www.istgroup.com