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GrandTech (TPEx:6123) reported YoY -35% growth on October 2020 consolidated revenue of NT$ 430M

Grandtech quoted, The Cloud Services Business Group and DDPB (Dynamic Digital Print Business Group) had brought positive growth to overall revenue of October. 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, which result in an increasing number of orders. However, the revenue was affected by the late delivery from supplier, and it was expected to be supplemented in the near future and revenue will be recognized.

 

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%

October

432,930

670,123

-35%

Note: October 2020 revenue is unaudited consolidated account.

 

                                                                                       

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