Granville closure hits MSI

Remember the Granville Technology Group going into administration resulting in the closure of Time and Tiny stores. The effects are still rippling through the industry. Digi Times is reporting that uncollected accounts from Granville has put MSI in the red for Q2.

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First-tier motherboard maker Micro-Star International (MSI) posted a pre-tax loss of NT$146 million in the second quarter of this year, after reporting profits of NT$605 million in the first quarter. According to company sources, the losses were mainly due to uncollected accounts from the UK’s largest PC retailing group Granville Technology, whose PC brands include Tiny and Time Computer.

In addition, MSI also has uncollected accounts receivables from South Korea-based TriGem Computer, worth about NT$20 million, the sources indicated.

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