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GrandTech (TPEx:6123) Reports FY16 3rd quarter financial results, Profit-before-tax NT$61M, YoY of -8%; Earning Per Share before tax NT$1.14, YoY of 6% shrunk

Issued By:GrandTech Issued On:2016/10/18

Taipei, Taiwan, R.O.C., 18th Oct. 2016 -- GrandTech (TPEx: 6123) today reported financial results for its 3rd quarter.

Financial Highlights
•    GrandTech achieved quarterly revenue of NT$14.18B, YoY growth of 41%
 •    Profit-before-tax of NT$61M for Q3 2016, YoY of -8%
•    Q3 Earning-per-share before tax is NT$1.14, YoY of -6%
GrandTech quotes, Q3 revenue performance was increased because of the strong demands of software subscription renewal, however, the continuous headwinds the company faces from the volatile market scenario, the impact of corporate cautious or budget deducted spending affected profitability.

To counter react on the challenges, GrandTech will continue to pursue new growth areas with its core competencies and regional coverage. In additional, continuous investment such as M&A exercise, in particularly creative industry, enterprise distribution business and digital print business in the region will be the key areas for GrandTech's revenue and profit growth

GrandTech  Sep. 2016 Revenuce Report
( consolidated): (Unit:NT$ thousands)
ITEM Income Before Tax
(NT$ Thousands)
EPS Before Tax
Sep 2016
Sep. 2015 66,686
Increase(Decrease) Rate %

  Note: 3Q 2016 financial result have not been approved by Board of Directors .