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GrandTech (TPEx:6123) announced its consolidated revenues of NT$ 505M for April 2021, up by 65% YoY, reaching a record high for the same period.

GrandTech (TPEx:6123) announced its consolidated revenues of NT$ 505M for April 2021, up by 65% YoY, reaching a record high for the same period. 

GrandTech quoted, Group’s revenue increased by 65% in April. The growth was mainly driven by the momentum of HK campus project, and there was also a significant increase in the revenue of DDPB (Dynamic Digital Print Business Group) and Cloud Services Business Group compared to the same period of last year. However, there was a delay in delivery of Digital Printing machines due to the impact of global logistics. The issue will be resolved in the next few months and once again GrandTech will accelerate the momentum of Digital Printing Services.

Looking forward to the future, GrandTech is optimistic about the high growth of Cloud Services, and will actively promote borderless multi-cloud services and drive the innovative expansion in the Digital Printing Services due to the increasing demand for smart packaging. Furthermore, GrandTech will actively deploy smart manufacturing solutions, implement effective corporate management, and optimize the group business revenue for keeping the momentum going and achieving the stable upslope of ARR and outstanding revenue performance.

2021  revenue report (consolidated) (UnitNT$ thousands)

Period

2021
consolidated
 
revenue

2020
consolidated
 
revenue

YoY
Increase (Decrease)
 
Rate%

April

505,532

305,781

65%

Note: April 2021 revenue is unaudited consolidated account.

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