ASE Reports 35% Growth in EMS Business in 3Q


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Advanced Semiconductor Engineering Inc. (ASE), a provider of packaging and testing services, as well electronics manufacturing services (EMS), has reported unaudited net revenues of NT$72.87 billion for the third quarter of 2015 (3Q15), up by 9% year-over-year and up by 4% sequentially. Net income attributable to shareholders of the parent for the quarter totaled NT$6.37 billion, down from a net income attributable to shareholders of the parent of NT$7.22 billion in 3Q 2014 and up from a net income attributable to shareholders of the parent of NT$3.65 billion in 2Q 15. Basic earnings per share for the quarter were NT$0.83 (or US$0.132 per ADS), compared to basic earnings per share of NT$0.94 for 3Q14 and NT$0.48 for 2Q15. Diluted earnings per share for the quarter were NT$0.69 (or US$0.109 per ADS), compared to diluted earnings per share of NT$0.82 for 3Q14 and NT$0.43 for 2Q15.

Net revenue contribution from packaging operations, testing operations, EMS operations, substrates sold to third parties and others, each represented approximately 41%, 9%, 49%, 1% and 0%, respectively, of total net revenues for the quarter. Cost of revenue was NT$59.88 billion for the quarter, up by 14% year-over-year and up from NT$58.65 billion in 2Q15.

Net revenues generated from EMS operations were NT$36.16 billion during the quarter, up by NT$9.4 billion, or by 35% year-over-year, and up by NT$1.59 million, or by 5% sequentially.

Communications products accounted for 56% of the company's total net revenues from EMS operations for the quarter, up by 12 percentage points from 2Q15; computing products, 13%—the same as 2Q15; consumer products, 19%—down by 9 percentage points; industrial products, 7%—down by 2 percentage points; and automotive products, 4%—down by 1 percentage point from the previous quarter.

In 3Q15, gross margin for ASE's EMS operations was 8.3%, down by 0.3 percentage points year-over-year and up by 1.9 percentage points from the previous quarter. Capital expenditures, meanwhile, amounted to US$24 million during the quarter.

For more information, visit www.aseglobal.com.

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