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GrandTech (TWSE: 6123) reports Q1 FY2016 financial results, achieved record Net Profit before Tax by 6 times YoY, NT$77 millions and 1.45 EPS Before Tax, another quarterly earning record

2016-04-20

Issued By：GrandTech Issued On：2016/4/20

Taipei, Taiwan, R.O.C., 20 April 2016 -- GrandTech (TWSE: 6123) today reported Q1 financial results for its first quarter fiscal year 2016.

First Quarter Financial Highlights :
• Continuing strong growth momentum since Q2 FY15, GrandTech achieved another record quarterly revenue of NT$1.23B, representing YoY growth of 68%.
• Net profit before tax by 585% YoY, NT$77 M, the quarterly earning record.
• EPS before tax NT$1.45, quarterly record too.
• TTM EPS before tax at NT$4.7 reflected strong profitability growth.

GrandTech quoted, the strong growth momentum carried from Q2 year 2015, revenue gradually rebound and profitability stably grown. Other than record EPS before tax at NT$1.45, the net profit before tax of NT$ 77million is the historical highest too, on a consolidated basis. Each business group continuous focuses on respective's core competence has delivered results, main contribution driven by Distribution and Enterprise Business Unit, especially in Taiwan and Hong Kong. Investments, such as DPI Technology in Malaysia started to blossom too.

The exceptional performance in past 4 quarters, is an indicator on company strong and continued momentum by aggressive and focus transformation exercise, crafted since three years ago.

Based on strong Q1 performance as a good starting point, GrandTech will stays focus on core competencies for revenue growth opportunities in Greater China and SEA. Additional investment in particularly culture creative industry and digital contents service business will be other legs for GrandTech's revenue and profits growth; and the continuous recruiting drive on entrepreneurs or companies as the key strategy for continuous growth. Based on record Q1 results and business momentum, GrandTech is set to deliver a promising ROI to the stakeholders.

GrandTech April 2016 revenue report ( consolidated)： (Unit：NT$ thousands)

ITEM

Income Before Tax 
(NT$ Thousands)
EPS Before Tax (NT$ )
Q1 2016 374,373 1.45
Q1 2015 272,109 0.2
YoY
Growth Rate %		 585% 625%

Note: Q1 2016 Financial figures is unaudited consolidated account.

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