Silicon Power Computer & Communications, a Taiwan-based memory module firm specializing in NAND flash-based products, expects to start trading on Taiwan's over-the-counter (OTC) market in June.
Almost 80% of Silicon Power's revenues are generated from the company's NAND flash product segment. DRAM modules account for 10-15% of its revenues while external hard drives take up the remainder, according to the company.
Silicon Power revealed it has managed steady sales growth since 2009, when the market for memory modules started to experience fluctuating demand and prices. The firm had revenue growth of more than 25% on average over the past two years. In the first quarter of 2012, revenues grew 8.5% from a year ago to NT$1.77 billion (US$59.9 million), the company said.
Silicon Power has also enjoyed profit growth since 2009 with net profits for 2011 hitting a company record, the firm noted. Its net EPS came to NT$4.69 in 2011, compared to NT$3.64 in 2010 and NT$2.58 in 2009.
Silicon Power indicated that over the past few years, the company has been focusing on expanding its presence in emerging markets such as India and Russia, and building its brand awareness locally. The firm has strengthened its foothold in Europe and Japan. |