Consolidated revenues at Adata Technology hit a 31-month high in March 2013, buoyed by a pick-up in demand for DRAM modules and NAND flash devices, according to the company.

DRAM and NAND flash prices that have become more favorable played another contributing factor, Adata indicated. Chipmakers continue to impose tight supply strategies enabling a return to more stable prices, the firm said.

DRAM prices have recently gone up, due mainly to a substantial cut in suppliers' production for PC applications. Robust mobile device demand is encouraging chipmakers to allocate more of their available capacities to produce mobile DRAM chips.

As for NAND flash, supply has also fallen short of demand. NAND flash chipmakers have imposed tight supply strategies on channels, and given priority to orders for embedded memory modules used in smartphones, tablets and other mobile devices.

Adata saw its consolidated sales climb 95.9% on month and 24.6% on year to a 31-month high of NT$3.3 billion (US$110.19 million) in March. DRAM revenues accounted for 59.53% Adata's March sales, while NAND flash and other products made up the remaining 40.47%.

Adata accumulated NT$7.64 billion in consolidated revenues from January through March, an 8% increase compared to the same period of 2012.