Taoyuan, Taiwan (R.O.C) October 25, 2011 – Chroma Ate Inc. (TAIEX: 2360) today announced the results for third quarter in the fiscal year 2011, which ended September 30th, 2011. In the third quarter, consolidated sales revenue was NTD 3,520 million. The parent only sales revenues was NTD 1,289 million, a decrease of 24% QoQ and 26% YoY. Net profit was NTD 424 million, a decline of 20% QoQ and 33% YoY, with basic earnings per share of NTD 1.13. EPS is based on weighted average outstanding shares of 375 million.
For the first three quarters fiscal year 2011, Chroma achieved consolidated sales revenues of NTD 11,080 million, and parent only sales revenues was NTD 4,448 million, which represented a flat YoY. The net profit was NTD 1,350 million, a decrease of 11% YoY, with basic earnings per share of NTD 3.60.
As a result of global economic slowing down, the equipment spending is further restrained from third quarter. In despite of market headwinds, the solar and LED product sectors are still major contribution to the sales revenues of the Company, represented an increase of 19% and 22% respectively YoY. In the third quarter, Chroma has successfully gained numbers of global top-tier customers through design technology and solutions, included Power One, GM, Chrysler, Cree and Toyota. The market shares and sales activities from non-Asia markets, such as US, Europe and Japan are continued to expand represented a growth of 48% compared to last year. Moving forward, the Company expected the ramp up of LED general lighting industry and clean technology driven of power electronic business, such as PV inverter and EV related testing solutions are expected to grow in the coming quarters.
Press Release Contact
Jennifer Chien Senior IR Manager
(03) 327 – 9936
Chroma Ate Inc. was founded in November 1984. Chroma is world leading own brand supplier in electronic test and measurement equipment and system. Chroma provides integrated and customized solutions in Test and Measurement Instruments, Automatic Test Systems and Manufacturing Execution Systems. 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: