PChome reports NT$25.742 billion in 2016 revenue,
delivers $4.96 in cash dividend and $0.62 in stock dividend
PChome (TWSE: 8044) today held a board meeting and publishing 2016 annual earnings report. The consolidated sales in 2016 reached an all-time high of NT$25.742 billion, a 12.5% increase compared to 2015. Consolidated net income after tax is NT$824 million; income after tax belongs to the parent company is NT$760 million; and a $6.94 EPS.
In 2016, returning customers in ecommerce business increased for household supplies, food, and other N3C products. Ecommerce gradually became a regular channel for grocery shopping. PChome24H Shopping also introduced over 200 consumer electronics earlier than other channels. These factors all contributed to order and transaction growth.
Excluding non-recurring expenses (NT$112 million), net income after tax in 2016 grew by 9.9%. PChome’s 2016 results was impacted for recognizing overseas IPO expenses of subsidiary Ruten Global Inc. (NT$85 million) and venture losses of 17Life (NT$27.5 million)
The board also decided on dividend policy today. The $5.58 dividend includes $4.96 in cash dividend and $0.62 in stock dividend.
The sixth warehouse for PChome24H Shopping is expected to be put into operation in the second quarter of 2017. It will expand product offerings, increase inventories for best-selling merchandises, and higher momentum. In 2017, PChome will continue to optimize ecommerce process with more options, consistency, availability, and best offers. It actively promotes diverse payment methods and expands internationally for optimal and top-notched online services.
For more financial details, visit Market Observation Post System.
