Adata Technology returned to profitability in the first quarter with net profits of NT$96 million (US$3.35 million).

Adata posted its third straight quarterly losses in the fourth quarter of 2010 because of weak memory prices. The company previously remarked that prices for DRAM and NAND chips had trended upward amid anticipation of reduced supply due to disrupted deliveries of raw materials from Japan, and would rally into the second quarter.

"Supported by vendors, Adata has more than one month of chip inventory, enough to satisfy expected demand. Prices for DRAM and NAND are expected to be stable in the second quarter," Adata said in a new statement.

Adata reported NT$7.84 billion in consolidated revenues for the first quarter of 2011, down 10.4% sequentially. Gross margin, however, improved to 6.39% from 2.97% in the prior quarter. Net profits for the period translated into an EPS of NT$0.42.

By: DocMemory
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