Phison revenues hit new high in October

NAND flash controller IC supplier Phison Electronics saw its revenues hit new record for the second consecutive month to NT$4.17 billion (US$127.5 million) in October 2015. The monthly figures also represented an increase of 19.4% on month and 33.6% on year.

For the first 10 months of 2015, revenues amounted to NT$30.987 billion, up 12.9% from a year earlier.

Phison snapped up total revenues of NT$33 billion with an EPS of NT$17.48 in 2014.

The company's stock price edged down NT$0.5 or 0.19% to close at NT$263 on the Taiwan Stock Exchange (TSE) during the November 9 session.