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GrandTech (TPEx:6123) reported growth on July 2020 consolidated revenue, the board of directors passed the resolution to distribute dividend of NT$1 per share for H1

Taipei, Taiwan, R.O.C., August 08, 2020 -- GrandTech (TPEx: 6123) reported consolidated revenue at NT$413M in July 2020, 5.5% YoY growth.

GrandTech quoted, global economy is gradually getting back on track, Group various business entities has started the momentum and Group’s total annual recurring revenue (ARR) continued steady growth. The Group reported July consolidated revenue growth of 5.5% YoY.

 

GrandTech’s BOD meeting at August 6th, has passed the 1H 2020 financial report with PAT of NT$98M, EPS of NT$1.62. The BOD has approved on NT$1 dividend per share distribution for H1.

 

Covid-19 pandemic around the globe seemed settling down and commercial activities gradually recovering. However, the effects on COVID-19 pandemic are expected to continue for next few months, GrandTech will continue to maintain scrupulous approach on this unpredictable situations. The Company will continue focusing on Digital Printing business growth and accelerate company's continuous regional cloud services expansion, both to strengthen Group’s annual recurring revenue growth momentum with stronger profitability. The company is expected to deliver good performance in 2020.

 

2020 revenue report (consolidated) (UnitNT$ thousands)

Period

2020
consolidated
 
revenue

2019
consolidated
 
revenue

YoY
Increase (Decrease)
 
Rate%

July

413, 351

391,872

5.5%

Note: July 2020 revenue is unaudited consolidated account.

 

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