Nanya Q3 profit lowest in three years

POSITIVE NOTE: The company’s president gave an optimistic outlook for next year, saying prices will likely rebound due to suppliers being conservative about spending

Taipei Times
Date: Oct 09, 2019
By: Lisa Wang  /  Staff Reporter

DRAM chipmaker Nanya Technology Corp (南亞科技) yesterday said that net profit last quarter hit the lowest in three years as a supply glut drove down prices.

DRAM prices are expected to stabilize this quarter and rebound afterward, as the world’s major chipmakers try to stem the price decline by reducing their inventories to a healthy level, the company said.

Net profit last quarter fell 19.8 percent to NT$2.21 billion (US$71.66 million), compared with NT$2.75 billion in the second quarter.

On an annual basis, net profit plunged 83 percent from NT$12.87 billion. Earnings per share fell to NT$0.72 from NT$0.9 in the second quarter and from NT$4.15 a year earlier    [FULL  STORY]

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