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GrandTech (TPEx:6123) reported YoY 22% growth on Nov. 2018 consolidated revenue to NT$436M

Taipei, Taiwan, R.O.C., 10th Dec., 2018-- GrandTech (TPEx: 6123) reported consolidated revenue at NT$436M in Nov. 2018, 22% YoY growth. GrandTech quoted, a strong growth momentum in Nov, YoY steady growth attributed by founding business, CCSB(Creative and Cloud Service Business) and EBG (Enterprise Business Group)despite HongKong Campus Program has ended at end Oct. The consolidated Year-to-date revenue grew to 4.87B, 22% YoY growth.

GrandTech expects continuous business growth momentum, especially in recurring revenue from Creative And Cloud Services Business, and with other businesses organic growth despite the uncertainty in global politic and economic scenario in the region. And there are strong upbeat signs on the focus business too, both the Cloud Services Business and Dynamic Digital Print Business. With continuous efforts on strategic alliances establishment and M&A projects, sustainable growth are expected.

2018 revenue report ( consolidated): (Unit:NT$ thousands)

Period

2018

2017

YoY

consolidated revenue

consolidated revenue

Increase (Decrease) Rate%

Nov.

436,249

358,631

22%

Jan-Nov.

4,874,669

3,866,630

26%

Note: Nov. 2018 revenue is unaudited consolidated account.

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