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GrandTech (TPEx:6123) reports 1st Quarter FY2019 financial results, second highest for Q1 in past years; Earnings Per Share before tax is NT$1.06, 30% YoY growth

FY2019 Q1 Financial Highlights

  • Operating Income of NT$57M, second highest in the same period compared to past years, grew 37% YoY.
  • Earnings per share before tax at NT$1.06, YoY 30% growth.
  • Net Profit Before Tax of NT$57M, grew 27% YoY.
  • Operating Profit Rate at 5.36% and Net-Profit-before-tax rate at 5.43%, both were better as compared to same period last year.
  • Q1 Consolidated revenue at NT$1.06 billion, grew 23% YoY.

GrandTech quoted, strong Q1 P&L was contributed by continuous growth on ARR (Annual Recurring Revenue) of SaaS & IaaS business and steady earnings from Dynamic Digital Printing Business Group (DDPB) & Enterprise Business Group (EBG). Despite the impact on new IFRS9 accounting rules, the net profit before tax still grew 27% YoY to NT$57M.

With current momentum, GrandTech will continue the push on greater growth in SaaS & IaaS and DDPB business expansion to enlarge ARR or contractual recurring revenue base. At the same time, regional expansion on Cloud Services Business and Dynamic Digital Print Business will continue to be the two pillars on continuous efforts on M&A or strategic alliances establishment, to deliver scalable and sustainable return of investment to the loyal shareholders.

2019 Financial report (consolidated): (Unit: NT$ thousands) 

2019 
Q1

2018 
Q1

YoY 
Growth Rate %

Consolidated revenue

1,064,708

863,501

23%

Operating Income

57,085

41,772

37%

Operating Profit Margin

5.36%

4.84%

11%

Net Profit before tax

57,851

45,561

27%

EPS

before tax (NT$)

1.06

0.81

30%

Note: 1st quarter of fiscal year 2019 financial result is unaudited consolidated account.

 

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