GMI reports boost in revenue and profit

GMI Technology, a manufacturer and trader of electronic components based in Taiwan, has announced that for the quarter ending 31 December 2009, its net revenue was $96m (£62m), an increase of 58 per cent in comparison to the same quarter in 2008.

For the 12-month period ending 31 December 2009, GMI’s net revenue was $341m, an increase of 26 per cent in comparison to 2008.

The company reported an after-tax profit of $5.8m for 2009, compared to a loss of after-tax profit of $602,000 in 2008.