Hermes Microvision yields EPS of NT$16.7
By Ted Chen, The China Post
August 4, 2014, 12:04 am TWN
Hermes Microvision (HMI, 漢微科) recently stated that the company performance is expected to improve by 30 to 40 percent over the course of this year, exceeding the 25- to 35-percent growth predicted previously, while announcing earnings-per-share of NT$16.7 over the first half of this year at an earnings conference.
The company stated that performance over the third quarter is expected to continue growing at the pace observed throughout the previous period, in contrast to a 10-percent decline in sales predicted by foreign institutional investors due to delayed orders from its clients.
HMI Chairman Hsu Chin-jung (許金榮) stated that the company's new products have been well-received by its clients, but declined to give figures on the company's approximate market share in the sector. The company stated that it is confident in satisfying clients' steady demand and need for customized solutions as they progress toward adopting more advanced die shrink. In particular, the company noted that equipment demand is expected to continue growing as more clients advance toward the 14- and 16-nanometer fabrication technologies.
On prospects over the third quarter, although the company acknowledged that shipments are expected to see some delay, setbacks will be offset by higher operating profit margins and lower than anticipated expenses. The most dramatic growth in performance is expected to arrive in the fourth quarter, said the company.
In terms of research and development, the company stated that it is striving toward allocating 16 percent of revenues to the endeavor.
In the second quarter the company garnered revenues of NT$1.88 billion, and net income of NT$602 million, up 3 percent quarter-on-quarter. In contrast to the non-operating profit of NT$167 million, the company in the second quarter incurred non-operating losses of NT$94.64 billion derived from foreign exchange rate fluctuations.
Over the first six months of this year, the company's revenues reached NT$3.048 billion, with after-tax net income tallying at NT$1.18815 billion.
Most notably, the company's net profit margin in the second quarter declined markedly to 31 percent from the 50 percent recorded in the first quarter, yielding a less than expected quarterly earnings-per-share performance of NT$8.47.