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GrandTech (TPEx:6123) reports May 2017 consolidated revenue NT$235M, -41% YoY; -3.7% YoY if recently disposed business units excluded as the base

Issued by: GrandTech Issued On:2017/06/090

Taipei,Taiwan, R.O.C., June 9th , 2017 -- GrandTech (TPEx: 6123) reported May 2017 consolidated revenue of NT$235M, -41% YoY, GrandTech quoted, however, YoY Revenue slightly reduced 3.7% if the revenues on the recent disposed businesses are excluded from May 2016. The consolidated revenue reduced was mainly due to the disposal of businesses in first quarter, 2017.

Despite the consolidated revenue downturn and the impact of stronger Taiwan Dollar, sustainable contributions driven by the founding business, Creative & SaaS-Pub Business Group, is expected with new business opportunities in the pipeline. Subsidiaries, NetCore and DPI in Malaysia were performed well too.

GrandTech evolves strategically into a company with diversified business groups for healthy and sustainable growth, focus on increasing value-added solutions and services to enterprise market. Not just strived to acquire additional well-known professional software and hardware products but also embedded with “ internet+” DNA to transform as SaaS Publisher. Investment on Cloud Services and high growth potential Dynamic Digital Print business will soon becoming another key growth area for GrandTech, which will be strengthening its foundation for sustainable growth to deliver better ROE to loyal stakeholders.

GrandTech  2017 Revenuce Report (consolidated): (Unit:NT$ thousands)
Period 2017
consolidated revenue
(recent disposed businesses excluded)
2016
consolidated revenue
(recent disposed businesses excluded)
YoY
 Increase
(Decrease) Rate%
2017
consolidated revenue
2016
consolidated revenue
YoY
 Increase(Decrease) Rate%
 April 235,238 244,346 -3.7% 235,238 399,259 -41%
  Note: May 2017 revenue is unaudited consolidated account. 
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