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Transcend posts EPS of NT$6.17 for 2017
Source: DIGITIMES   Editor: Helan   Update Time :2018/3/9 16:08:09

Memory module firm Transcend Information has reported net profits of NT$2.66 billion (US$90.7 million) on consolidated revenues of NT$21 billion for 2017. The profits and revenues represent on-year decreases of 7.9% and 5.2%, respectively.

Transcend's earnings for 2017 translated into an EPS of NT$6.17. The company decided to distribute a cash dividend per share of NT$6 for the year.

Despite the revenue and net profit drops, Transcend's operating profits for 2017 increased 20.9% on year to NT$4 billion. Gross margin also climbed during the year reaching 26.4%, up 4pp from the 2016 level.

Transcend credited the operating profit and gross margin growth to improvement in product mix. The company disclosed sales of its industrial control devices accounted for 43.9% of the total 2017 revenues compared with 36.9% a year earlier.

Rising non-operating losses led to the net profit decline during 2017, Transcend noted. Transcend suffered net losses of NT$690 million in 2017, due to the NT dollar appreciation and recognized losses by affiliate Taiwan IC Packaging (TICP).

Transcend indicated the company will remain focused on its industrial and strategic product lines for profit reasons. The company added it will also enhance further its niche-market products.

In addition, Transcend disclosed February consolidated revenues of NT$1.32 billion, of which industrial products accounted for 45.3%. The company's cumulative 2018 revenues through February fell 17.2% from a year ago to NT$3.03 billion.

 

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