Nanya Technology’s financial report shows in first quarter, their revenue was NT$17.731 billion, equivalent to US$623 million

by RPRNA Group

Research institutions and industry chain personnel have stated many times before that global DRAM contract costs will start to increase in the first quarter and are expected to rise by 5%-10%, and will continue in the second quarter.

The global DRAM contract value rises that means that relevant producers will benefit from it and boost their performance. DRAM supplier Nanya Technology has already announced their first-quarter results.

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From the financial report, revenue, gross profit, and net profit have all increased significantly year-on-year. Nanya Technology’s financial report reveals that in the first quarter, their revenue was NT$17.731 billion, equivalent to US$623 million, an increase of 20% from the previous quarter and a year-on-year increase of 23%.

By looking at the gross profit, the financial report displayed NT$5.162 billion in the first quarter, NT$3.251 billion in the previous quarter, a rise of 22% from the previous quarter.

The same period last year was NT$3.436 billion, an increase of 50.2% year-on-year, both of that were higher than the year-on-year growth rate of revenue.

By looking at the net profit, the financial report disclosed NT$ 2.705 billion, compared with NT$ 924 million in the previous quarter, an increase of 1.781 billion, an increase of 192.7% from the previous quarter, a rise of 777 million from the 1.928 billion in the same period of the previous year, an increase of 40.3% year-on-year.

 

(Via)

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