Chroma ATE Inc.

Investor Info
Investor Info
Chroma Reports Year 2017 Third Quarter Financial Results - Net Income of NTD 866m, Hit Quarterly Record High, a Growth of 68% QoQ 51% YoY
2017/10/30

Taoyuan, Taiwan (R.O.C) October 30, 2017 – Chroma Ate Inc. (TAIEX: 2360) today announced the results for third quarter in the fiscal year 2017, which ended September 30th, 2017. In the third quarter, consolidated sales revenues were NTD 3.9 billion, an increase of 32% QoQ and 10% YoY respectively. Chroma’s parent only sales revenues reached NTD 2.3 billion, which represented a growth of 21% QoQ and declined 4% YoY respectively. Net income reached NTD 866 million, represented a growth of 68% QoQ and 51% YoY respectively, with basic earnings per share of NTD 2.15. EPS is based on weighted average outstanding shares of 395 million. All numbers are unaudited.

For the first three quarters fiscal year 2017, Chroma achieved consolidated sales revenues of NTD 9.7 billion, and parent only sales revenues was NTD 6 billion. The net profit in first three quarters were NTD 1.7 billion, represented a growth of 25% compared to NTD 1.3 billion in year 2016, with basic earnings per share of 4.23.

The key drivers for parent company growth in third quarter are coming from semiconductor testing solutions and Test Instruments and ATS, which represented a growth of 143% and 20% YoY respectively. The expectation for second half profitability remained unchanged which will be mainly contributing from steady growth of the test instruments and ATS and increasing adoption of Laser Diode for 3D images and the subsidiary MAS will have a strong growth in 4Q.

Press Release Contact
Jennifer Chien Deputy Director
(03) 327 – 9936
jennifer@chroma.com.tw

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