Elpida Memory has estimated that net profits for the fiscal year ending March 2011 slid 35.5% to JPY2 billion (US$24.5 million). Consolidated sales for the same period, however, grew 10.1% on year to JPY514 billion.

"FY2010 was affected by lower DRAM prices, which fell on account of a drop in demand in the latter half of the fiscal year, and yen appreciation," Elpida said in a statement. But with a 33% shipment growth, the company was able to achieve an increase in consolidated revenues.

Elpida reported JPY422.2 billion in consolidated sales for the first three quarters of its fiscal 2010, up 32% from a year ago. Meanwhile, it swung to a net profit of JPY10.3 billion from loss of JPY30.6 billion during the same period of its fiscal 2009.

Elpida is scheduled to announce actual results on May 12.

By: DocMemory
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