Taoyuan, Taiwan (R.O.C) August 5, 2014 – Chroma Ate Inc. (TAIEX: 2360) today announced the results for second quarter in the fiscal year 2014, which ended June 30th, 2014. In the second quarter, consolidated sales revenues were NTD 2.63 billion, a growth of 31% QoQ and a decline of 9% YoY. Chroma’s parent only sales revenues reached NTD 1.25 billion, an increase of 33% QoQ and 25% YoY. Net income reached NTD 333 million, represented a growth of 87% QoQ and a decline of 22% YoY, with basic earnings per share of NTD 0.88. EPS is based on weighted average outstanding shares of 375 million.
For the first half fiscal year 2014, Chroma achieved consolidated sales revenues of NTD 4.63 billion, and parent only sales revenues was NTD 2.19 billion, which represented a growth of 20% YoY. The net profit in first half was NTD 511 million, represented a decline of 21% compared to NTD 647 million in year 2013, with basic earnings per share of 1.36.
Due to increasing global capital spending and automation demand, the parent sales in second quarter presented a strong growth of 33% QoQ, hit the highest quarterly sales for the past six quarters. This result was mainly contributed by Semiconductor Test Solutions and Turnkey Solutions, which represented a growth of 65% and 39% QoQ respectively, while Test Instruments & ATS also presented a steady growth of 24% QoQ.
After a strong sales revenues growth in second quarter, the Company expects another sales growth for coming third quarter, especially the Turnkey Solutions would be a major growth driver in second half. The improving outlook reflected the Company’s effort in penetrated and qualified by global top-tier customers through its competitive R&D capabilities and strong global support net work.
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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