WASHINGTON: Memory module firm Adata Technology has announced consolidated revenues of NT$2.51 billion (US$81.2 million) for January 2017, up 10.7% on month and 37.5% on year. Adata credited the revenue growth to rising DRAM and NAND flash prices, as well as replenishment demand in China. Adata’s revenues generated from its DRAM products grew 12% sequentially to account for 44.1% of the overall January revenues, while sales of its memory cards and drives, and other NAND flash products increased 39% on month to account for 21.8% of the total revenues during the month.
Adata disclosed previously its pre-tax profits for 2016 climbed to a 3-year high of NT$1.61 billion with pre-tax EPS reaching NT$7.50. Rising prices of DRAM and NAND flash memory boosted Adata’s profitability in the fourth quarter of 2016, when the memory module maker’s pre-tax profits came to NT$962 million exceeding those reported for the first three quarters of the year. Pre-tax EPS for the fourth quarter reached NT$4.50. Continued growth in DRAM and NAND flash memory prices will make a positive contribution to Adata’s performance during the first quarter of 2017, according to the memory module maker.
