Memory module company Transcend Information has reported a net EPS of NT$7.48 (US$0.23) on consolidated revenues of NT$24.9 billion for 2015. The company decided to distribute a cash dividend per share of NT$6.80 for the year.

Looking forward, Transcend expects industrial memory and SSD products to drive its growth in 2016.

Transcend posted revenues of NT$6.67 billion in the fourth quarter of 2015, up 9.5% sequentially, with gross margin reaching 18.5%. Net profits for the quarter came to NT$809 million or NT$1.88 per share.

Transcend indicated sales of its SSD devices climbed to the highest quarterly level in the fourth quarter. Transcend's overall gross margin was therefore able to improve compared to the previous quarter.

Transcend saw revenues generated from its SSD product line surge 84.5% on year in 2015, the company disclosed.

Transcend said it is looking to continue expanding its SSD business, which is expected to account for 20% or more of company revenues in 2016.