For the year profit Transcend declined by nearly 8%
The company Transcend Information has released a report for the first quarter of 2017.
Transcend income for the reporting period amounted to 189 million dollars. This is 0.7% more than last year. At the same time, net profit compared with the first quarter of 2016 decreased by 7.9%. It amounted to 19 million dollars. The source notes that almost the same amount the company lost on the change in the exchange rate.
Gross profit for the quarter, equal to 28.4%.
It is expected that the current quarter figures Transcend will improve in connection with an increase in contract prices on memory. In the second half, this effect will weaken as manufacturers of memory chips to increase its production.