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May 29, 2017

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Local DRAM firms make profit in '13

TAIPEI, Taiwan -- Taiwan's DRAM manufacturers Inotera Memories (華亞科技) and Nanya Technology Corporation (南亞科技) both turned from loss to profit last year.

DRAM manufacturer Inotera Memories netted NT$21.2 billion, or NT$3.66 per share. The firm held an investors' conference yesterday. Thanks to higher product sales prices in the fourth quarter, the company performed better than expected last year. Inotera's consolidated revenue reached NT$58.993 billion in 2013, netting NT$21.2 billion with a 37-percent profit margin. Earnings per share (EPS) reached NT$3.66. Book value per share climbed to NT$8.15 toward the end of last year.

The consolidated revenues totaled NT$20.669 billion in the fourth quarter, a 22-percent growth quarter-on-quarter. Inotera had a profit margin of 53 percent in the fourth quarter, up 8 percentage points from the third quarter. Net profit reached NT$11.051 billion in the fourth quarter, a 52-percent growth quarter-on-quarter. Both revenues and profit hit new records. EPS reached NT$1.82.

Another DRAM manufacturer, Nanya Technology Corporation, netted NT$3.989 billion in the fourth quarter last year, while the quarterly EPS reached NT$0.17. Nanya raked in NT$12.416 billion revenues in the fourth quarter, which was a 8.4-percent growth quarter-on-quarter. The company's average DRAM sales price grew 10.5 percent in the fourth quarter, which contributed to the growth.

Nanya also turned from a loss to profit last year, and brought in NT$8.169 billion in total, with EPS reaching NT$0.34. The company's revenue totaled NT$46.954 billion in 2013, a 38.6-percent growth year-on-year. While product shipments remained about the same, prices increased 37.4 percent on average.

Optimism About 2014

Both Inotera and Nanya hold optimistic outlooks about performance in the first quarter this year, and expect stable demand and supply in the DRAM market.

According to Nanya's senior executive Lee Pei-ing (李培瑛), demand has remained strong in January, in the period before the Chinese New Year. This has contributed to stable DRAM prices. Lee is optimistic about the company's operation in January and February. In addition, demand for video games, high-end television sets, smartphones and consumer electronics products will help drive growth in the first quarter, Lee said, adding that DRAM prices are expected to remain stable without much fluctuation.

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