Adata suffers 3Q12 net operating loss, PQI to downsize capital

Josephine Lien, Taipei; Adam Hwang, DIGITIMES [Monday 29 October 2012]

Taiwan-based memory module maker Adata Technology saw net operating loss of NT$1.74 million (US$59,000) for the third quarter of 2012 mainly due to drops in DRAM price, while fellow maker Power Quotient International (PQI) will decrease its paid-in capital by 40% to cover cumulative loss, according to the companies.

Adata expects DRAM prices to bottom out and NAND flash supply-demand to remain unchanged in the fourth quarter, the company indicated.

PQI's shareholders at a meeting on October 26 approved the company's plan to reduce its paid-in capital from NT$2.925 billion currently to NT$1.755 billion, the company said.

Adata: Financial report, 3Q12 (NT$m)
Item	3Q12	Q/Q	Jan-Sep	Y/Y
Consolidated revenues	7,133	15.14%	21,033	(3.65%)
Gross margin	5.95%	down 1.93pp	7.56%	up 2.83pp
Net operating profit	(1.74)	107 in 2Q12	365.4	101.8 less
Net profit	34.9	(78.82%)	488.6	196.4 less
Net EPS (NT$)	0.17		2.32

Source: Company, compiled by Digitimes, October 2012