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GrandTech (TWSE: 6123) Reports Q3 Financial Report, Broke Record with 1.25 EPS Before Tax and Highest quarterly Gross Margin

Issued By:GrandTech Issued On:2015/10/21

Taipei, Taiwan, R.O.C., Oct. 21, 2015 -- GrandTech (6123) has announced that in Q3, it has generated NT$1.25 EPS before tax, doubling the growth from the first half-year. GrandTech breaks its quarterly highest record with this quarter’s EPS before tax and gross margin .

In Q3, GrandTech’s overall performance has improved, as the revenue gradually rebound, profitability also stably grown. Other than broke records with a NT$1.25 EPS before tax and 23.36% gross profit margin, operating income (NT$ 66.4 million) and net profit before tax (NT$ 68.1 million) also reflects over 30 % growth. In addition, the net profit ratio before tax has increased steadily to 6.78%. GrandTech has achieved its success in execution its transformation strategy, getting rid of the weed from the chaff and focus on core competency. Moreover, the synergies by M&A has gradually surfaced and continuously fermenting in coming future.

GrandTech pointed out that, to increase operating profitability and enhance shareholder’s equity have always been the company’s key objectives. We have aggressively executed the transformation more than 2 years and adjusted its strategies to tie closer to customers, specifically stressing on its Distribution & Enterprise Business Group in response to the cloud market trend, in providing service that, not only to meet the market trend, but also deliver key advantage in the market value chain.

Looking at Q4, the focus are on continuous reinforcement the four major business groups as four pillars and capitalize on M&A synergies, GranTech also expected significant increase revenue on Digital Printing Business by offering digital printing service and solution to Taiwan traditional publishing industry to digitalization, along with Distribution & Enterprise Business Group’s steady growth. Furthermore, the company will remain its focus in the Pan Asia cross platform resources, enlarge its scout for potential enterprises, further promote the company’s Great Malaysia Plan, and mapping out the sustainable development for the future.

GrandTech’s 2015 third quarter consolidated result: (Unit:NT$ thousands )

 

Income Before Tax (NT$ Thousands)

EPS Before Tax (NT$)

Operating Income (NT$ Thousands)
Gross Margin(%)

Net Profit Ratio Before Tax (%)

Q3 2015 68,107 1.25 66,432 23.36% 6.78%
Q3 2014
52,168 0.95 46,342 20.5% 5.12%

YoY  Increase

( Decrease) Ratio%

30.6% 31.6% 43.4% 13.9% 32.4%

Note: 3Q 2015 financial figures have not been approved by Board of Directors .

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