ADATA: Q3 Net Profit Doubles Quarter-on-Quarter

Buoyed by a strong surge in memory prices in September, ADATA's Q3 consolidated revenue reached NT$14.5 billion, marking a year-on-year increase of 54.38% and a quarter-on-quarter increase of 13.15%. The gross margin stood at 22.7%, up by nearly 4 percentage points from the previous quarter. Operating profit was NT$1.91 billion, surging 137% year-on-year and 55.51% quarter-on-quarter. Net profit attributable to the parent company reached NT$1.76 billion, nearly tripling year-on-year and doubling quarter-on-quarter.