Power Quotient International (PTI), a Taiwan-based maker of memory modules, expects monthly non-operating revenues of nearly NT$1.0 billion (US$33.4 million) from DG Lifestyle, a franchised retail chain of Apple products in Hong Kong, beginning the third quarter of 2012 at the earliest, according to the company at its 2012 shareholder meeting on June 27.

PTI in late March 2012 decided to acquire a 100% stake in Hong Kong-based Designer Group Company, the operator of DG Lifestyle, at HK$675 million (US$86.9 million), with the acquisition to be complete in 2013, the company indicated.

PTI suffered net loss of NT$205 million in the first quarter of 2012 but turned profitable for January-May due to capital gain from selling its factory with total floor space of 6,177 square meters (66,485 square feet) located in northern Taiwan, the company said.

PTI said it has developed more profitable new products to minimize the negative impact of continual drops in NAND flash price and aims to generate operating profit in 2012.