Nanya Technology and Inotera Memories saw their net profits soar in the third quarter of 2013, thanks to rising DRAM prices.

　　Nanya generated net profits of NT$1.98 billion (US$67.4 million) in the third quarter compared to profits of NT$1.68 billion in the second quarter and losses of NT$10.09 billion in third-quarter 2012. Consolidated revenues for the third quarter of 2013 were NT$11.46 billion.

　　Nanya indicated that third-quarter sales were down 17.2% sequentially primarily due to a 22.4% decrease in sales volume compared to the previous quarter. However, product ASPs rose 6.5% on quarter.

　　Nanya's net profits for the third quarter of 2013 translated into an EPS of NT$0.08. The firm credited its positive profit performance to ASP growth, a higher gross margin, recognized gains from affiliate Inotera Memories and improved shipments to China's consumer electronics market. Nanya recognized gains of NT$1.825 billion from Inotera in which it holds a 26.3% ownership interest.

　　In addition, Nanya disclosed that sales of products for non-PC applications accounted for 66% of its total revenues in the third quarter. Thanks to an improved product mix, Nanya saw its third-quarter gross margin improve to 13% compared to negative 4% in the second quarter. Nanya added it will continue growing non-PC DRAM revenues by lowering the sales ratio for PC DRAM products to less than 30% by the end of 2013.

　　Nanya has put increased focus on specialty DRAM targeted at consumer electronics products, as well as mobile DRAM for smartphones and tablets.

　　Inotera saw its net profits climb to a record high of NT$7.29 billion, or NT$1.21 per share, in the third quarter of 2013, while consolidated revenues also hit an all-time high of NT$16.94 billion.

　　Inotera indicated the company enjoyed a 33% sequential increase in average sales revenues per wafer during the third quarter. As a result, gross margin and operating margin in the third quarter came to 45% and 44%, respectively, compared to 28% and 27% in the second quarter.

　　Inotera saw its bit shipments grow 7% sequentially in the third quarter. Shipments are set to register another single-digit increase in the fourth quarter, the company said.

　　Meanwhile, Inotera's net value per share improved to NT$6.28 as of September 30, 2013. The company is expected to soon resume trading under normal conditions on the Taiwan Stock Exchange (TSE).