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GrandTech (TPEx:6123) reports Aug 2017 consolidated revenue NT$409M, -17% YoY; 16% YoY if recently disposed business and the newly M&A units excluded as the base

Issued by: GrandTech Issued On:2017/09/7

Taipei,Taiwan, R.O.C., Sep. 7th , 2017 -- GrandTech (TPEx: 6123) reported Aug 2017 consolidated revenue of NT$409M, -17% YoY. GrandTech quoted, however, Revenue increased 16% YoY if the revenues on the recent disposed businesses and newly M&A unit excluded.

GrandTech quoted, group founding business (excluded discontinued business & newly M&A units) revenue had an organic growth of 16% YoY, contributed by CCSB (Creative & Cloud Services Business Group) & EBG (Enterprise Business Group), subsidiary Senco in Hong Kong performed well.

Riding on its experiences in SaaS and regional comprehensive infrastructure setup, GT ventured into the journey of GrandTech 2.0, with the recently announced investment to form GrandTech Cloud Services, focuses on the explosive growth and borderless opportunities. GrandTech evolves strategically into a company with diversified business groups for healthy and sustainable growth, focus on increasing value-added solutions and services to enterprise market. GT strived to acquire additional well-known professional software and hardware as the SaaS Publisher, and also integrate with “ internet+” DNA to transform into Cloud Service Business for delivering professional consultancy and services to the market.

GrandTech  2017 Revenuce Report ( consolidated): (Unit:NT$ thousands)
Period 2017
consolidated revenue
(recent disposed businesses excluded)
2016
consolidated revenue
(recent disposed businesses excluded)
YoY
 Increase
(Decrease) Rate%
2017
consolidated revenue
2016
consolidated revenue
YoY
 Increase(Decrease) Rate%
June 407,389 350,391 16% 409,208 491,897 -17%
Note: Aug. 2017 revenue are unaudited consolidated account. 
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