Taoyuan, Taiwan (R.O.C) February 12, 2015 – Chroma Ate Inc. (TAIEX: 2360) today announced the results for fourth quarter in the fiscal year 2014, which ended December 31th, 2014. In the fourth quarter, consolidated sales revenues were NTD 2.6 billion, a decline of 15% QoQ but a growth of 7% YoY. Chroma’s parent only sales revenues reached NTD 1.3 billion, a decline of 16% QoQ but a growth 30% YoY. Net income reached NTD 319 million, represented a decline of 35% QoQ but a growth of 13% YoY, with basic earnings per share of NTD 0.85. EPS is based on weighted average outstanding shares of 375 million.
In the fiscal year 2014, Chroma achieved consolidated sales revenues of NTD 10.3 billion, and parent only sales revenues was NTD 5.1 billion, which represented a growth of 31% YoY. The net profit was NTD 1.3 billion, represented a growth of 9% compared to NTD 1.2 billion in year 2014, with basic earnings per share of 3.51.
In the year 2014, the Chroma parent sales revenues presented a growth of 31% YoY. This was mainly contributed from Turnkey solutions, which presented a strong growth of 155% YoY and Semiconductor Test Solutions, presented a consecutively annual growth of 32%. The Test Instruments & ATS also increased by 15% compared to year 2013.
Moving forward to year 2015, the Industrial Automation (IA) market remains strong. The Company expected IA related businesses to reach over 20% of the group consolidated sales, compared to 16% in year 2014. Furthermore, in order to meet the expanding IoT market, Chroma’s strength in Testing Solutions and System Integration enhance the penetration in IoT devices market. This will drive up the Company’s business in the near future.
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Jennifer Chien Deputy Director
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About Chroma 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