GMI Technology Inc. (Public, TPE: 3312) today announced financial results for the 3rd quarter of fiscal year 2014. For the three month period ending September 30, 2014 net revenue was a record US$ 172.5 million, an increase of 26% versus the prior quarter and an increase of 20% versus the same period in 2013. For the three month period ending September 30, 2014 net profit (after tax) was US$ 2.41million, an increase of 106% versus the same quarter in 2013. For the nine month period ending September 30, 2014 sales revenue was US$ 446.5 million, an increase of 20% versus the same period in 2013 and also a record for the company.
Commenting on the announcement, Mr Lewis Lo, President of GMI, said ‘We are very pleased with our continued consistent revenue growth in what slow economy situation of Asian market especially Mainland China. GMI once again entered into new customers and new application fields. GMI is still optimistic in regards to both 2014 annual performance and our long term growth.