ChipMOS Technologies FY Net Profit Up - Quick Facts

(RTTNews) - ChipMOS Technologies Inc. (IMOS), a Taiwan-based provider of outsourced semiconductor assembly and test services, Thursday reported that its net profit attributable to the company for the fourth quarter rose to $18.9 million from last year's $13.5 million. Earnings per share, however, was flat at $0.02 for the quarter.

Net revenue for the quarter was up 4.2 percent at $144.0 million, compared to $138.2 million for the same period last year.

Looking ahead, for the first quarter, the company expects revenue to be approximately 4 percent - 8 percent lower as compared to last year, reflecting traditional seasonality and fewer working days in the quarter due to Chinese New Year closures. The Company also expects gross margin, on a consolidated basis, to be in the range of approximately 16 percent to 20 percent for the first quarter.

In a separate communique, the group reported revenues of $46.4 million for the month of February 2017, an increase of 0.5 percent compared to last year. This excludes revenue from ChipMOS Shanghai, the Group noted.