Taipei - Taiwanese electronics giant Qisda, formerly called BenQ, saw its first-quarter revenues surge 23 per cent year on year, the company said Tuesday.

It recorded sales of 29.23 billion Taiwan dollars (913 million US dollars), with a net profit after tax of 1.75 billion Taiwan dollars (54.6 million US) and earnings per share of 1.14 Taiwan dollars. (32 Taiwan dollars equal one US dollar).

Chief Financial Officer David Wang said Qisda's revenues experienced a quarter-on-quarter decline of 5.4 per cent owing to seasonal weakness and exchange rate fluctuation. However, a year-on- year comparison shows a 23 per cent increase in revenues.

Founded in 1984 as BenQ, Qisda is a contract manufacturer of electronics and digital products. With 10,200 employees worldwide, Qisda's 2007 turnover was 4 billion US dollars.

In 2007, BenQ renamed itself as Qisda while continuing to manufacture BenQ brand electronics and digital products like flat- screen TV monitor, cell phone and digital camera. (dpa)