Nanya Tech profit jumps on price gain

UPBEAT:The firm expects DRAM prices to continue rising, but risks could emerge in the fourth quarter if global chipmakers such as Samsung reallocate capacity to DRAM

Taipei Times
Date: Apr 27, 2017
By: Lisa Wang / Staff reporter

DRAM chipmaker Nanya Technology Corp (南亞科技) yesterday said that its net profit surged 77 percent last quarter, as rising prices lifted its gross margin to a seven-quarter high.

Net profit rose to NT$3.28 billion (US$108.8 million) during the quarter ending March 31, compared with NT$1.85 billion a year ago. Earnings per share rose to NT$1.19 from NT$0.68 during the same period.

Gross margin climbed to 40.1 percent last quarter, compared with 32.7 percent in the previous year, thanks to a 25 percent price hike on an annual basis, the company’s financial statement showed.

“We would have reported even better profits if not for the impact of a volatile currency exchange rate,” Nanya Technology president Lee Pei-ing (李培瑛) told reporters.
[FULL  STORY]

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