Taoyuan, Taiwan (R.O.C) October 26, 2010 – Chroma Ate Inc. (TAIEX: 2360) today announced results for the third quarter and first three quarters fiscal year 2010, which ended September 30th, 2010. The third quarter sales revenue was NTD 1,752 million with a net profit of NTD 629 million or basic earnings per share of NTD 1.76. For the first three quarters fiscal year 2010, Chroma achieved sales revenue of NTD 4,426 million and a net income of NTD 1,524 million or basic earnings per share of NTD 4.25. All numbers are stand-alone, and EPS is based on weighted average outstanding shares of 358 million. The consolidated sales revenue of the first three quarters 2010 was NTD 11.3 billion.
Chroma sales results have hit record high consecutively for two quarters, and hit historical record high in just nine months with accumulated sales revenues of NTD 4.4 billion. The sales revenues and net profit were continued to increase in third quarter, represented a growth of 17% and 12% respectively compared to previous quarter. Contributing to these remarkable results were mainly driven by continued revenues growth in solar, LED and power related product sectors. The Company expected the 4Q sales revenues will be lower compared to 3Q due to seasonality reason.
Chroma has certified by ISO 16949 on October 18th 2010, defined as a quality management system for automotive production and relevant service part organization.
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