Taoyuan, Taiwan (R.O.C) April 28, 2016 – Chroma Ate Inc. (TAIEX: 2360) today announced the results for first quarter in the fiscal year 2016, which ended March 31st, 2016. In the first quarter, consolidated sales revenues were NTD 2.6 billion, an increase of 2% QoQ and 36% YoY respectively. Chroma’s parent only sales revenues reached NTD 1.6 billion, a growth of 39% QoQ and 91% YoY respectively. Net income reached NTD 321 million, represented a growth of 28% QoQ and 161% YoY respectively, with basic earnings per share of NTD 0.85. EPS is based on weighted average outstanding shares of 379 million. All numbers are unaudited.
As an increasing investment in clean tech industries, particularly in EV used lithium battery and solar cell, the Chroma parent sales revenues in first quarter 2016 hit the third highest revenues in company history presented a strong growth of 39% QoQ and 91% YoY. The major growth driver is coming from Turnkey Solutions, which outperform the total sales of Turnkey Solutions in year 2015 by 1.3 times. Meanwhile, the core business of Test Instruments and ATS also presented a double digits growth of 14% compared to first quarter 2015. The Company expected 2016 sales revenues would be the same as normal seasonal pattern, the second quarter revenues will be better than first quarter. The major contribution would be coming from Turnkey Solutions (EV lithium battery cell solutions) and Test Instruments & ATS sales.
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