Taoyuan, Taiwan (R.O.C) July 31, 2017 - Chroma Ate Inc. (TAIEX: 2360) today announced the results for second quarter in the fiscal year 2017, which ended June 30th, 2017. In the second quarter, consolidated sales revenues were NTD 3 billion, an increase of 7% QoQ and 11% YoY respectively. Chroma’s parent only sales revenues reached NTD 1.9 billion, which represented a growth of 5% QoQ and 19% YoY respectively. Net income reached NTD 517 million, represented a growth of 80% QoQ and 17% YoY respectively, with basic earnings per share of NTD 1.30. EPS is based on weighted average outstanding shares of 391 million.
For the first half fiscal year 2017, Chroma achieved consolidated sales revenues of NTD 5.7 billion, and parent only sales revenues was NTD 3.7 billion. The net profit in first half was NTD 804 million, represented a growth of 5% compared to NTD 764 million in year 2016, with basic earnings per share of 2.05.
In the first half 2017, the key driver for parent company growth is coming from semiconductor testing solutions, which represented a strong growth of 143% YoY, exceeded the total sales of semiconductor testing in 2016. The core business of test instruments and ATS was continued to present a double digits growth compared to last year. The Company expected 2H profitability will be better than 1H, mainly contributing from steady growth of the test instruments and ATS and increasing adoption of Laser Diode for 3D images and the new SOC/Analog system drive the semiconductor testing solution sales.
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Jennifer Chien Deputy Director
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Chroma Group founded in 1984, a world leading own brand turnkey test & automation solution provider, specialized in electronics test and measurement instruments and ATS (auto test system). Chroma’s headquarters is located in Taoyuan, Hwa-Ya Technology Park, with engineering service offices worldwide including China, Europe, Taiwan and United States. For more information please visit our company website: www.chromaate.com