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Issued on : 03-07-2017
ADATA Announces 2016 Financial Results

 Taipei, Taiwan, R.O.C. – March 7th, 2017 –ADATA today announced its consolidated financial results for the fourth quarter and full year 2016.  The company made a significant improvement in profitability.  Gross margin gained 8 percentage points from 6.02% for 2015 to 14.24% for 2016.  Year-over-year pre-tax profit increased 8233% while net income was NT$1.3 billion.  Based on 215 million outstanding shares, earning per share was NT$6.21.

 
Meanwhile, ADATA Board of Directors has proposed a 2016 cash dividend plan offering NT$4 per share.  The dividend payout ratio and cash yield reached 70% and 6.85% respectively.  The proposal is scheduled to be discussed and decided at the Company’s Annual General Meeting (AGM) on June 7, 2017.
 
On a consolidated basis, fourth quarter revenue was NT$7.43 billion, an increase of 26.47% quarter over quarter.  Gross margin continued to grow to 21.71% which hits 13-year high for the company.  Net income was NT$765 million, an increase of 121% quarter over quarter and EPS was NT$3.6.
 
The company expects the shortages of DRAM and NAND Flash continuing throughout the first half of 2017.  The favorable supply-demand in 2017 will drive ADATA’s overall performance more excellent than in 2016.
 
ADATA 2016/Q4 Consolidated Financial Summary
Item (in millions of NT$)
2016/Q4
2016/Q3
QoQ%
2015/Q4
YoY%
Revenue
7,425
5,871
26.47
5,218
42.29
Gross Profit
1,612
980
64.49
325
396.5
Operating income
904
406
122.53
(144)
-
Income before tax
970
443
119.11
64
1415.71
Net income
765
347
120.53
119
540.76
EPS before tax (in dollars)
4.51
2.07
-
0.29
-
EPS after tax (in dollars)
3.6
1.65
-
0.56
-
Investor Relations

Gloria Chen
IR Senior Manager
Tel:+886-2-8228-0886 ext.12400
Cell:+886-916-969-211

Mail : Gloria_chen@adata.com Investor Relations

Caroline Lin
IR Project Manager
Tel:+886-2-8228-0886 ext.12410
Cell:+886-916-655-656

Mail : caroline_lin@adata.com



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