Taoyuan, Taiwan (R.O.C) August 9, 2011 – Chroma Ate Inc. (TAIEX: 2360) today announced the results for second quarter in the fiscal year 2011, which ended June 30th, 2011. In the second quarter, consolidated sales revenues was NTD 4,117 million. The parent only sales revenues was NTD 1,694 million, an increase of 16% QoQ and 13% YoY. Net profit was NTD 530 million, a growth of 34% QoQ and decline of 6% YoY, with basic earnings per share of NTD 1.41. EPS is based on weighted average outstanding shares of 375 million.
For the first half fiscal year 2011, Chroma achieved consolidated sales revenues of NTD 7,560 million, and parent only sales revenues was NTD 3,159 million, which represented a growth of 18% YoY. The net profit in first half was NTD 926 million, an increase of 3% YoY, with basic earnings per share of NTD 2.47.
Chroma has presented a substantial growth in the financial results for first half, which were mainly contributed from solar and LED product sectors, an increase of 113% and 81% respectively. Due to market headwinds, the sales revenues in second half are mainly contributed from LED sector due to ramp up production of LED general lighting industry and power electronics as driven by clean technology applications, such as PV inverter and EV related testing solutions. In addition, the Company is aggressively in promoting developed technology and solutions to global tier one customers and to speed up the turnkey solution innovation and development for emerging market opportunity.
The July sales revenues were NTD 466 million, which decreased from NTD 550 million last month, represented a decline of 15% MoM and 24% YoY. All numbers are stand-alone.
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