Taoyuan, Taiwan (R.O.C) February 21, 2017 – Chroma Ate Inc. (TAIEX: 2360) today announced the results for fourth quarter in the fiscal year 2016, which ended December 31st, 2016. In the fourth quarter, consolidated sales revenues were NTD 2.8 billion, presented a decline of 22% QoQ but a growth of 8% YoY. Chroma’s parent only sales revenues reached NTD 1.6 billion, a decline of 32% QoQ but a growth of 36% YoY. Net income reached NTD 382 million, represented a decline of 33% QoQ but a growth of 53% YoY, with basic earnings per share of NTD 0.99. EPS is based on weighted average outstanding shares of 380 million. All numbers are unaudited.
In the fiscal year 2016, Chroma achieved consolidated sales revenues of NTD 11.6 billion, increased by 20% and parent only sales revenues was NTD 7.2 billion, presented a growth of 59%. The net profit was NTD 1.7 billion, represented a growth of 39% compared to NTD 1.2 billion in year 2015, with basic earnings per share of 4.53.
The Chroma parent company sales was the biggest growth driver in year 2016. Particularly, the turnkey solutions and semiconductor testing solutions are the key drivers, which presented a strong growth of 303% and 59% YoY respectively. Meanwhile, the core business of Test Instruments and ATS also presented a double digits growth of 18% compared to year 2015. The Company expected another year of growth in year 2017, mainly contributed from growing EV industry as to increase the demand of power testing equipment. Also the semiconductor testing solution will have another year of double digits growth due to increasing demand of SLT and new Laser Diode (VCSEL) testing equipment.
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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