Transcend has received record-low profit for the past six years
The company Transcend Information has reported the results of its activities in the third quarter of the current calendar year, reporting that profit dropped to $ 15 million.
The decrease in profit amounted to 37.8%, it dropped to the lowest level in the last six years and for 23 of the quarter. Earnings per share of Transcend in the third quarter decreased from 6 to 4 cents.
The company’s turnover in the third quarter increased by 1.7% to 5.42 billion dollars. The press service of the Taiwanese company said that the profit decrease has occurred, in particular, because of changes in foreign exchange rates.
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