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GrandTech (TPEx:6123) reported YoY 7% growth on Feb 2020 consolidated revenue of NT$319M

Taipei, Taiwan, R.O.C., March 09, 2020 -- GrandTech (TPEx: 6123) reported consolidated revenue at NT$319M in February 2020, increased 7% compared with the corresponding period last year.

GrandTech constantly endeavor to focus on its ARR (Annual Recurring Revenue) business that has stable momentum, despite the outbreak of coronavirus which has infected Asia-Pacific region.

Additionally, GrandTech Board of Directors has approved 2019 annual report and dividend policy on 4th March 2020, Net Income of NT$210M, Earnings Per Share (EPS) of NT$3.7.

The company has distributed its third-quarter 2019 cash dividend of NT$1 and will distribute its fourth-quarter 2019 cash dividend of NT$2.6. The cash dividend from retained earnings over the course of 2019 is NT$3.6 per share. Shareholders ' meeting will be hold on 9th June 2020.

2020 revenue report (consolidated): (Unit:NT$ thousands)

Period

2020

2019

YoY

consolidated revenue

consolidated revenue

Increase (Decrease) Rate%

February

319,519

298,139

7%

Note: February 2020 revenue is unaudited consolidated account.

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