G.M.I. Technology Inc. (Public, TPE: 3312) today announced financial results for the 2nd quarter and 1st half of fiscal year 2013. For the three month period ending June 30, 2013 net revenue was a record US$ 119.1 million, an increase of 9% versus the prior quarter and an increase of 10% versus the same period in 2012. For the three month period ending June 30, 2013 after-tax net profit was US$ 674K, an increase of 42% versus the same quarter in 2012. For the six month period ending June 30, 2013 net revenue was US$ 228.5 million, an increase of 8% versus the same period in 2012 and also a record for the company.

Commenting on the announcement, Lewis Lo, president of G.M.I., said “We are extremely proud to post our 6th consecutive quarter of year-over-year sales revenue growth. Our net profit for the quarter also exceeded our expectations in what is a still challenging worldwide economic situation. As announced previously, we are also very pleased with the results for the 1st six months of operations of GW Electronics, a GMI joint venture in partnership with Willas-Array Electronics that was announced in November 2012. In addition the benefits from our growing product portfolio and new customer design wins continue, especially in mainland China. Overall we continue to be cautiously optimistic about GMI’s business results both in the 2nd half of 2013 and more importantly long term.”