(Taoyuan, Taiwan) MiTAC Holdings Corporation (TWSE: 3706) today announced financial results for the third quarter and nine months ended September 2021 after board of directors meeting. The total consolidated revenue for nine months was NT$ 32.454 billion, a YoY increase of 5%. Profit attributable to owners of the parent was NT$ 11.422 billion, up 469% YoY. The earning per share was NT$ 9.56.

The reason for the substantial increase in the income after tax was due to the merger of Tech Data by our long-term investment company TD SYNNEX Corp. Its issuance of new shares, resulted in a shareholding ratio reduced. According to IFRS, the investment was changed from “Equity Method” to “Financial assets at fair value through other comprehensive income” after the merger. After recognizing the one-time gain and related tax accrual, the net unrealized gain was NT$ 6.8 billion. The gain was estimated based on the evaluation of fair market value, not based on real disposal.