Taiwan-based Apacer Technology, a supplier of memory modules and other storage solutions, saw net profits grow 40.3% on year to NT$209 million (US$6 million) in the first half of 2010. The earnings translated into an EPS of NT$1.90, the second highest among publicly-listed DRAM module companies in Taiwan, behind only Transcend Information's NT$2.15.
Apacer generated consolidated revenues of NT$7.22 billion in the first half, growing 55% from the same period of 2009. Gross profits increased 22.9% on year to NT$614 million for the six-month period, equating to a gross margin of 8.51%.
The gross margin also beat fellow DRAM module companies Adata Technology's 5.1% and Power Quotient International's (PQI) 3%, but was behind Transcend's 14.47%.
Apacer was quoted in previous reports revealing plans to place stronger emphasis on its high-ASP products, and reduce its dependence on DRAM modules. Sales of Apacer's "high value-added product line," including industrial-control and embedded memory devices, are expected to account for 30% of the company's total revenues in 2010 compared to less than 25% in 2009.
In other news, Apacer filed an application for listing on the Taiwan Stock Exchange (TSE) in June. It expects to list on the main board in the fourth quarter of 2010.