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GrandTech (TPEx:6123) reports 2nd Quarter FY2018 financial results, Both Operating Income 

and Net Profit-before-tax rate at second highest for Q2 in past years; 

Earnings Per Share before tax for 1H FY2018 is NT$1.84, 30% YoY growth

Released By GrandTech Issued On:2018/07/17
   Taipei, Taiwan, R.O.C.,Jul.17, 2018 -- GrandTech (TPEx: 6123)  today reported financial results on its 2nd quarter of fiscal year 2018

2nd Quarter of FY2018 Financial Highlights
•    Operating Income of NT$58.8M, highest in Q2 compared to past years, grew 41% MoM and 32% YoY.
•    Net Profit Before Tax of NT$58M, highest in Q2 compared to past years, grew 7% YoY.
•    Operating Profit Rate at 6.33% and Net-Profit-before-tax rate at 6.25%, both are the second highest in Q2 compared to past years.
•    Earnings per share before tax in Q2 at NT$1.03, YoY 7% growth and in 1H FY2018 at NT$1.84, 30% YoY. TTM EPS before tax at NT$4.65, strong profitability momentum.
•    Q2 Consolidated revenue of NT$0.94 billion, grew 6% YoY

GrandTech quoted, strong Q2 P&L was contributed from the strong organic growth in both Dynamic Digital Printing Business Group (DDPB)  and Creative & Cloud Services Business Group (CCSB) despite the revenue recognition impact from new IFRS adoption, especially on DDPB. The Operating Income Rate and Net Profit before tax Rate indicated continuous strong growth momentum. With current momentum, GrandTech will continue to focus on generate greater growth in Creative & Cloud Service Business Group and Enterprise Business Group. At the same time accelerate the promising expansion in Cloud Services Business Unit and Dynamic Digital Print Business in the region, and with continuous efforts on M&A or strategic alliances establishment, to deliver scalable and sustainable return of investment as a rewards to the loyal shareholders.

FY2018 Financial results (consolidated):(Unit:NT$ thousands)
item 2018
Growth Rate %
Income Before Tax (NT$ Thousands)58,82351,95513%
Net Profit before Tax (NT$)58,10854,2597%
EPS Before Tax(NT$)1.030.967%
 Note: 2nd quarter of fiscal year 2018 financial result is unaudited consolidated account.