ChipMOS REPORTS SECOND QUARTER 2020 RESULTS
ChipMOS TECHNOLOGIES INC. (NASDAQ: IMOS) reported strong financial results for Q2 2020. Revenue grew by 10.7% year-over-year to NT$5,428.1 million (US$184.4 million). Gross profit surged by 34.1%, while net profit attributable to equity holders decreased to NT$544.9 million (US$18.5 million), down from NT$712.7 million in Q1 2020. The company reduced net debt by US$49.9 million to US$144.1 million, with a cash balance of US$189.3 million. Cash dividends of NT$1.8 per share were distributed on July 31, 2020, highlighting a strong financial position amidst industry challenges.
- Revenue increased by 10.7% year-over-year, reaching a six-year high.
- Gross profit rose by 34.1%, indicating improved profitability.
- Net debt reduced by US$49.9 million to US$144.1 million.
- Cash balance of US$189.3 million strengthens financial health.
- Cash dividends of NT$1.8 per share distributed on July 31, 2020.
- Net profit decreased to NT$544.9 million, a decline from NT$712.7 million in Q1 2020.
- Earnings per ADS reduced to US$0.51 from US$0.67 in Q1 2020 and US$1.19 in Q2 2019.
- Revenue Increases
10.7% in 2Q20 Compared to 2Q19 - Gross Profit Increases
34.1% in 2Q20 Compared to 2Q19 - Net Debt Reduced by US
$49.9 Million to US$144.1 Million in 2Q20, with a US$189.3 Million Balance of Retained Cash and Cash Equivalents - Distributed Cash Dividend of NT
$1.8 Per Common Share on July 31, 2020 and US$1.22 7 Per ADS on August 7, 2020
HSINCHU, Aug. 11, 2020 /PRNewswire-FirstCall/ -- ChipMOS TECHNOLOGIES INC. ("ChipMOS" or the "Company") (Taiwan Stock Exchange: 8150 and NASDAQ: IMOS), an industry leading provider of outsourced semiconductor assembly and test services ("OSAT"), today reported consolidated financial results for the second quarter ended June 30, 2020. All U.S. dollar figures cited in this press release are based on the exchange rate of NT
All the figures were prepared in accordance with Taiwan-International Financial Reporting Standards ("Taiwan-IFRS").
Revenue for the second quarter of 2020 was NT
Net profit attributable to equity holders of the Company for the second quarter of 2020 was NT
As of June 30, 2020, the Company's retained balance of cash and cash equivalents was US
Second Quarter 2020 Investor Conference Call / Webcast Details
- Date: Tuesday, August 11, 2020
Time: 4:00PM Taiwan (4:00AM New York)
Dial-In: +886-2-21928016
Password: 166416 #
Webcast of Live Call and Replay: http://wms.gridow.com/ir/chipmos/chipmos_2020Q2_ch.html Replay Starting 2 Hours After Live Call Ends
Language: Mandarin - Date: Tuesday, August 11, 2020
Time: 8:00PM Taiwan (8:00AM New York)
Dial-In: +1-201-689-8562
Password: 13706850
Replay Starting 2 Hours After Live Call Ends: +1-412-317-6671, with ID 13706850
Webcast of Live Call and Replay: http://wms.gridow.com/ir/chipmos/chipmos_2020Q2_en.html
Language: English
About ChipMOS TECHNOLOGIES INC.:
ChipMOS TECHNOLOGIES INC. ("ChipMOS" or the "Company") (Taiwan Stock Exchange: 8150 and NASDAQ: IMOS) (https://www.chipmos.com) is an industry leading provider of outsourced semiconductor assembly and test services. With advanced facilities in Hsinchu Science Park, Hsinchu Industrial Park and Southern Taiwan Science Park in Taiwan, ChipMOS provide assembly and test services to a broad range of customers, including leading fabless semiconductor companies, integrated device manufacturers and independent semiconductor foundries.
Forward-Looking Statements
This press release may contain certain forward-looking statements. These forward-looking statements may be identified by words such as 'believes,' 'expects,' 'anticipates,' 'projects,' 'intends,' 'should,' 'seeks,' 'estimates,' 'future' or similar expressions or by discussion of, among other things, strategy, goals, plans or intentions. These statements may include financial projections and estimates and their underlying assumptions, statements regarding plans, objectives and expectations with respect to future operations, products and services, and statements regarding future performance. Actual results may differ materially in the future from those reflected in forward-looking statements contained in this document, due to various factors, including the potential impact of COVID-19. Further information regarding these risks, uncertainties and other factors are included in the Company's most recent Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission (the "SEC") and in the Company's other filings with the SEC.
Contacts: In Taiwan Jesse Huang ChipMOS TECHNOLOGIES INC. +886-6-5052388 ext. 7715 |
In the U.S. David Pasquale Global IR Partners +1-914-337-8801 |
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SOURCE ChipMOS TECHNOLOGIES INC.
