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 GrandTech (TPEx:6123) reports April 2017 consolidated revenue NT$257M, -31% YoY; but 9% YoY if recently disposed business units excluded as the base

Issued by: GrandTech
Issued On:2017/05/09

Taipei,Taiwan, R.O.C., May 9th, 2017 -- GrandTech (TPEx: 6123) reported April 2017 consolidated revenue of NT$257M, -31% YoY. However, YoY Revenue grew 9% if the revenues on the recent disposed businesses are excluded from April 2016. GrandTech quoted, consolidated revenue reduced was mainly due to the disposal of businesses in first quarter, 2017 and the strengthened NT dollar in April that affected the total overseas revenue by approximately NT$7M, about 3% of April consolidated revenue.

Despite the consolidated revenue downturn, sustainable contributions driven by the founding business, Distribution and Enterprise Business Group, are expected with continuous momentum. Digital Printing Business Group in Taiwan and DPI in Malaysia; and subsidiary company Cogate are performed well too.

GrandTech continues to transform and evolves strategically into a company with diversified business groups for healthy and sustainable growth; at the same time, strived to acquire more well-known professional software and hardware distributorship such as recently signed up as Lenovo Workstation value-added distribution partner in HongKong, Macau and Taiwan; and the latest new distributorship being granted on AutoCad LT in Taiwan.

Investment on Cloud Services and high growth potential Digital Print business will soon becoming the 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)

consolidated revenue
(recent disposed businesses excluded)
consolidated revenue
(recent disposed businesses excluded)
(Decrease) Rate%
consolidated revenue
consolidated revenue
 Increase(Decrease) Rate%
374,373 -31%
  Note: April 2017 revenue is unaudited consolidated account.