Taoyuan, Taiwan (R.O.C) April 30, 2015 – Chroma Ate Inc. (TAIEX: 2360) today announced the results for first quarter in the fiscal year 2015, which ended March 31th, 2015. In the first quarter, consolidated sales revenues were NTD 1.9 billion, a decline of 26% QoQ and 4% YoY respectively. Chroma’s parent only sales revenues reached NTD 864 million, a decline of 36% QoQ and 8% YoY respectively. Net income reached NTD 123 million, represented a decline of 61% QoQ and 31% YoY respectively, with basic earnings per share of NTD 0.33. EPS is based on weighted average outstanding shares of 377 million.
Due to low capital spending and seasonality effect in the first quarter 2015, the Chroma parent sales revenues presented a decline of 8% YoY. Despite the weak sales revenues, Test Instruments & ATS still presented a growth of 9% compared to first quarter last year.
Moving forward to second quarter year 2015, the Industrial Automation (IA) businesses remain strong. The Company expected the net profit in second quarter will be better than previous two quarter due to IA projects deliver.
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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.