EPS Reached NTD 3.28 in Year 2015
Taoyuan, Taiwan (R.O.C) February 23, 2016 – Chroma Ate Inc. (TAIEX: 2360) today announced the results for fourth quarter in the fiscal year 2015, which ended December 31st, 2015. In the fourth quarter, consolidated sales revenues were NTD 2.6 billion, an increase of 3% QoQ and a decline of 2% YoY. Chroma’s parent only sales revenues reached NTD 1.2 billion, a decline of 12% QoQ and 11% YoY respectively. Net income reached NTD 250 million, represented a decrease of 48% QoQ and 22% YoY respectively, with basic earnings per share of NTD 0.66. EPS is based on weighted average outstanding shares of 377 million.
In the fiscal year 2015, Chroma achieved consolidated sales revenues of NTD 9.7 billion, and parent only sales revenues was NTD 4.5 billion. The net profit was NTD 1.2 billion, represented a decline of 6% compared to NTD 1.3 billion in year 2014, with basic earnings per share of NTD 3.28.
Due to sluggish economy and low capital expenditure sentiment, the Chroma parent sales revenues in year 2015 was declined by 12% compared to year 2014. The major decline is coming from Turnkey Solutions, which presented a decline of 43%, while the core business of Test Instruments and ATS was still presented a steady growth of 4% YoY, depite the difficult market conditions.
Moving into future, Chroma sees two industries as future growth opportunities, the semiconductors, an increasing demand for SLT and RF functions tester due to more IoT and Auto IC applications and the clean tech industries, a rising clean energy investment, particularly from EV related applications and solar industry. The Company expected this will bring a sales growth to semiconductor test solutions and tripling the Turnkey Solutions sales in year 2016, compared to last year.
Press Release Contact
Jennifer Chien Deputy Director
(03) 327 – 9936
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