Taoyuan, Taiwan (R.O.C) October 31, 2014 – Chroma Ate Inc. (TAIEX: 2360) today announced the results for third quarter in the fiscal year 2014, which ended October 31 th, 2014. In the third quarter, consolidated sales revenues were NTD 3.1 billion, a growth of 17% QoQ and 14% YoY respectively. Chroma’s parent only sales revenues reached NTD 1.6 billion, consecutively growth of 28% QoQ and 50% YoY. Net income reached NTD 487 million, represented a growth of 46% QoQ and 76% YoY respectively, with basic earnings per share of NTD 1.30. EPS is based on weighted average outstanding shares of 375 million.
For the first three quarters fiscal year 2014, Chroma achieved consolidated sales revenues of NTD 7.7 billion, and parent only sales revenues was NTD 3.8 billion, which represented a growth of 31% YoY. The net profit was NTD 998 million, represented a growth of 8% compared to NTD 923 million in year 2013, with basic earnings per share of 2.66.
As a result of increasing demand for intelligent automation and IC functional tester, Chroma parent sales presented a consecutively growth of 28% QoQ and 50% YoY, which was mainly contributed from Turnkey Solutions and Semiconductor Test Solutions, achieved consecutively quarter growth of 100% and 45% QoQ and 602% and 72% YoY. The Test Instruments and ATS maintained a steady growth QoQ as well as compared to last year
Moving into traditional low season in the fourth quarter, the Company expected a sales revenues growth compared to last year, mainly contributed from Semiconductor Test Solutions.
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