Monday, February 3, 2014
Nanya Technology has reported net profits for 2013, ending a string of six consecutive annual losses.
"Positive results for 2013 were attributed to ASP increase, the recognition of profits from Inotera, product portfolio strengthening, and cost improvement," said Nanya.
Nanya announced consolidated revenues of NT$46.95 billion (US$1.55 billion) for 2013, up 38.6%. During the year, product ASPs rose 37.4% on year while sales volume stayed almost flat. The firm generated operating profits of NT$4.09 billion in 2013, compared to losses of NT$30.57 billion registered in 2012.
Nanya swung to net profits of NT$8.17 billion in 2013 from losses of about NT$36 billion in 2012. EPS for 2013 came to NT$0.34.
For the fourth quarter of 2013, Nanay's consolidated sales grew 8.4% sequentially to NT$12.42 billion thanks to a 10.5% increase in product ASPs, the firm revealed. Operating profits and net profits soared more than 100% on quarter to NT$1.17 billion and about NT$4 billion, respectively. The firm posted a net EPS of NT$0.17 in the quarter.
Sales of specialty DRAM and low-power memory chips accounted for a combined 70% of the company's fourth-quarter revenues, Nanya indicated. The proportion will climb further to 80% in 2014, it said.
By: DocMemory
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