VIA Announces 4Q’04 and 1Q´05 Results

Taipei, Taiwan, 29 April 2005 - VIA Technologies, Inc, a leading innovator and developer of silicon chip technologies and PC platform solutions, today announced financial results for fourth quarter 2004 and first quarter 2005.

Net sales for 4Q’04 and 1Q’05 were NT$ 4,964 million and NT$ 3,899 million respectively, while net income was negative NT$ 3,308 million in 4Q’04 rising to NT$ 63 million in 1Q’05. Based on the quarter weighted average shares outstanding of 1,296.95 million and 1,278.22 million, earnings per share were reported as negative NT$2.55 for 4Q’04 and NT$0.05 for 1Q’05.

For the whole year 2004, net sales totaled NT$ 19,449 million and net income for the year was negative NT$ 4,981 million; based on 1,296.95 million weighted average shares outstanding, earnings per share for the year was reported at negative NT$3.84.

The decision by the VIA Board of Directors on the early implementation of SFAS No.35 in 4Q’04 required that NT$1,210 million of the asset impairment deficit was posted as equity-based long-term investment loss; this was in addition to the NT$461 million posted as permanent devaluation of cost-based long-term investment.

Source: VIA Technologies, Inc.
www.via.com.tw

2005-05-02 12:35

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