Nam Tai achieve new monthly sales record of $54.6 Million in June
Jul 08, 2004
Nam Tai Electronics, Inc. ("Nam Tai" or the "Company") (NYSE Symbol: NTE; CBOE Symbol: QNA; Frankfurt Stock Exchange Symbol: 884852) announced that it has once again achieved a new all time monthly sales record of $54.6 million in June, 2004, an 7.48% increase over the previous single month sales record of $50.8 million achieved in the last month May 2004.
Mr. Murakami, Nam Tai's Chairman, commented, "I am pleased to see the continuous growth of our sales results. During the month, we achieved outstanding sales performance for several products same as last month, including CMOS image sensor modules built in to cellular phones, Bluetooth™ cellular phone headsets, cellular phones in semi-knocked down ("SKD") form, flexible printed circuit sub-assemblies and USB microphones and converter box for a PlayStation®2 singing game."
"With this substantial growth in sales, we are making sure that we can achieve final second quarter results that will be exceeding the upside of our guidance range of between $125 million and $140 million provided in our press release dated April 30, 2004 announcing the first quarter financial results." Mr. Murakami concluded.
Second Quarter Dividend
Nam Tai will pay its second quarter dividend of $0.12 per share on or before July 21, 2004 to shareholders of record at the close of business on June 30, 2004.
Second Quarter Results and Analysts Conference Call
The Company will release its unaudited second quarter results for the period ended June 30, 2004 after the market closes on Friday, 30 July, 2004. An analyst conference call will be held on Monday, August 2, 2004 at 10:00 a.m. Eastern Time for analysts to discuss the second quarter results with management. Shareholders, media, and interested investors are invited to listen to the live conference over the internet by going to www.namtai.com and clicking on the conference call link or over the phone by dialing (651) 291-0900 just prior to its start time.