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GrandTech (TPEx:6123) reported YoY -6% growth on May 2020 consolidated revenue of NT$314M

Taipei, Taiwan, R.O.C., June 08, 2020 -- GrandTech (TPEx: 6123) reported consolidated revenue at NT$314M in May 2020, decreased 6% compared to the same period last year.

GrandTech quoted, the outbreak of COVID-19 and the decision which Malaysia government has decided to shut down non-essential businesses still impacted on the company’s performance in May. However, its overall revenue has grown compared to the previous month and the annual recurring revenue (ARR) also has stable momentum.

Prospects for future,Coronavirus cases around the globe seemed to be leveling, economic activities gradually recovered. GrandTech has adopted various precautious measures, ensuring its readiness to ramp up the momentum immediate after the epidemic. 

GrandTech (TPEx:6123) has distributed its fourth-quarter 2019 cash dividend of NT$2.6, Ex-date at June 10th, Last trading day at June 9th and estimated Date of Payment at July 10th. Dividend yield this year has passed 8%, the average dividend yield of the past three years is 7.45%.

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

Period

2020
consolidated
revenue

2019
consolidated
revenue

YoY
Increase (Decrease)
Rate%

May

314,053 335,914

-6%

Note:May 2020 revenue is unaudited consolidated account.

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