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GrandTech (TPEx:6123) reported MoM 34%, YoY -6.6% growth on September 2020 consolidated revenue of NT$ 570M

GrandTech quoted, Group various business entities has kept the momentum going, its consolidated revenue in September grew by 34% from previous month. However, because of promotion of the HK campus project at the same period of last year, and without the influence of Covid-19, the overall revenue performance of this month is relatively low. The school in Hong Kong already started the new semester in September, which brought a contribution to the overall revenue. The Cloud Services Business Group and DDPB (Dynamic Digital Print Business Group) also delivered a good performance. The transformation and development of the group various business entities will definitely bring positive growth to overall revenue.
 
Expecting continuous rough and unpredictable international politics and economics development, and the recovery of commercial activities are still halted by covid-19,
the direction of expansion of the digital printing business and multi-cloud services in Asia-Pacific region
 remain unchanged. Grandtech will keep the momentum going to achieve the stable upslope of ARR and overall revenue performance for returning to our shareholders.

 

2020 revenue report (consolidated) (UnitNT$ thousands)

Period

2020
consolidated
 
revenue

2019
consolidated
 
revenue

YoY
Increase (Decrease)
 
Rate%

September

571,963

612,529

-6.6%

Note: September 2020 revenue is unaudited consolidated account.

 

                                                                                       

 

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