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GrandTech (TWSE: 6123) Reports record consolidated revenue Jan. 2016, NT$455M on a consolidated basis, YoY growth of 74%

Issued By:GrandTech Issued On:2016/2/15

Taipei, Taiwan, R.O.C., Feb. 15, 2016 -- GrandTech (TWSE: 6123) today reported record Jan. 2016 consolidated revenue of NT$455M on a consolidated basis, a record high quarterly revenue YoY growth of 74%.

GrandTech has exited 2015 with accelerated growth and its strong growth momentum carried over. FY2016 was off with strong start of record monthly revenue in Jan. The revenue gradually rebound since 3rd quarter of FY2015, each business group focused its core business and delivered solid earning. Jan contribution continued driven by Distribution and Enterprise Business Unit in Taiwan and Hong Kong, plus the non-operating income from the wining of the lawsuit against MBF in Malaysia. The consolidated revenue in Jan was NT$455M, 74% YoY growth.

For FY2016, despite there will be few expected on-going impacts, such as worldwide economic and political uncertainties, coupled with expected weak domestic market, GrandTech will continue its transformation, focus on expanding current promising business model and territories; and continuous improvement on operation excellence. GrandTech’s philosophy to recruit more entrepreneurs in the region into its “Entrepreneur’s Paradise” will continue to be the key strategy to strengthen its foundation for continuous growth, and maximize its values to all the shareholders.

GrandTech 4th quarter consolidated results: (Unit:NT$ thousands)

ITEM

Consolidated Revenue

January 2016 454,660
January 2015 261,867
YoY
Growth Rate %
74%

Note: Jan. 2016 Revenue has not been approved by Board of Directors.

 

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