Memory module maker Team Group expects to start trading its shares on the main board of the Taiwan Stock Exchange (TWSE) as early as the end of 2018.
Team Group enjoyed steady growth in shipments for gaming applications in the third quarter, while the company's industrial control devices have attracted new orders for educational notebooks and tablets. The company saw its third-quarter revenues climb to a record high of NT$1.96 billion (US$63.3 million).
Team Group disclosed its cumulative 2018 revenues through September increased 9.2% from a year earlier to NT$5.33 billion.
Team Group reported revenues surged over 80% on year to NT$6.82 billion in 2017, when net profits hit a record high of NT$242 million. EPS for the year came to NT$4.79. For the first half of 2018, the company collected NT$2.02 in EPS.
Team Group expects to enjoy another year of revenue and profit increases in 2018, company chairman Danny Hsia was quoted in previous reports.
Article translated by Jessie Shen
