GMI Technology Inc. (Public, TPE: 3312) today announced financial results for the 3rd quarter of fiscal year 2013. For the three month period ending September 30, 2013 net revenue was a record US$ 143.5 million, an increase of 21% versus the prior quarter and an increase of 27% versus the same period in 2012. For the three month period ending September 30, 2013 after-tax net profit was US$ 1.17M, an increase of 164% versus the same quarter in 2012. For the nine month period ending September 30, 2013 net revenue was US$ 372.0 million, an increase of 14% versus the same period in 2012 and also a record for the company.
Commenting on the announcement, Lewis Lo, president of GMI, said “We are very pleased that the numerous strategic actions we have taken continue to improve both our top line and bottom line financial results. This marks our 7th consecutive quarter of year-over-year sales revenue growth, and both our sales revenue and net profit exceeded our expectations in what is still a challenging worldwide economy. We continue to see the contributions from our growing product portfolio and new customer design wins, especially in mainland China. Overall we remain optimistic about GMI’s long term business results.”