02 Nov '12, 7am

Silicon Power 3Q12 net profits jump:

Silicon Power 3Q12 net profits jump Josephine Lien, Taipei; Jessie Shen, DIGITIMES [Thursday 1 November 2012] Silicon Power Computer & Communications saw its net profits jump 122% sequentially in the third quarter of 2012, buoyed by NAND flash price growth, according to the memory module firm specializing in flash-based products. Silicon Power generated third-quarter net profits of NT$108 million (US$3.69 million), or NT$1.87 a share. The firm credited the positive performance to gains in inventory value arising from continued growth in chip prices, as well as sales of own-brand products. EPS for the quarter came to NT$1.87. Silicon Power posted revenues of NT$1.74 billion in the third quarter, up about 27% sequentially, with gross margin climbing 2.93pp on quarter to 13%. Improvement in gross margin was driven mainly by the development of its own-brand business, the compa...

Full article: http://www.digitimes.com/news/a20121101PD217.html

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