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GrandTech (TPEx:6123) reported YoY -12.5% growth on March 2020 consolidated revenue of NT$361M

Taipei, Taiwan, R.O.C., April 09, 2020 -- GrandTech (TPEx: 6123) reported consolidated revenue at NT$361M in March 2020, increased 13% compared to the previous month, decreased 12.5% compared to the same period last year. Consolidated revenue for the first quarter was NT$997M, with a decreased of 6% YoY.

GrandTech quoted, HK campus project has been delayed and Malaysia government has decided to shut down non-essential businesses due to coronavirus spreading throughout Asia-Pacific region, which impacted on the company’s performance in March.

Despite the virus raging around the globe, GrandTech will respond positively to the uncertainties of the economy to reduce the overall impact and will committed to focusing on prudent strategy to restore stable revenue growth after the epidemic.

2020 Revenue Report (Consolidated): (Unit:NT$ thousands)

Period

2020

2019

YoY

consolidated revenue

consolidated revenue

Increase (Decrease) Rate%

March

361,290

412,978

-12.5%

Q1

997,824

1,064,708

-6.28%

Note: March 2020 revenue is unaudited consolidated account

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