Adata net profit soars 57.18% to a 14-quarter high
By Lisa Wang / Staff reporter
Adata Technology Co (威剛), a supplier of memory modules and solid-state drives (SSDs), yesterday posted its best quarterly net profit in 14 quarters on the back of rising prices.
During the three-month quarter to March, net profit surged 57.18 percent to NT$707 million (US$25.27 million), from NT$450 million last year. On a quarterly basis, net profit more than doubled from NT$317 million.
Earnings per share rose to NT$2.94, compared with NT$2.12 a year earlier and NT$1.41 in the previous quarter.
Adata Technology Co chairman Simon Chen is pictured in Taipei in an undated photograph. The company yesterday posted its best quarterly net profit in 14 quarters on the back of rising prices. Net profit surged 57.18 percent to NT$707 million (US$25.27 million), from NT$450 million last year, and earnings per share rose to NT$2.94, compared with NT$2.12 a year earlier.