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ASE may see 3-5% shipment growth in Q4

Advanced Semiconductor Engineering (ASE), a leading integrated circuit testing and packaging firm, is expected to see fourth-quarter shipments grow 3 to 5 percent compared to the third quarter, the company said yesterday.

The firm made the remarks during its quarterly investors' conference.

At the event, the firm announced third-quarter consolidated revenue of NT$33.891 billion, a rise of 4 percent both quarter-on-quarter and year-on-year. Gross profit margin for the July-September period was 22.8 percent. Net profit for the quarter stood at NT$3.466 billion, a rise of 8 percent from the NT$3.202 billion for the second quarter and a decline of 1 percent compared to the same period last year. The net profit translated into earning per share of NT$0.45 for the third quarter, rising from the NT$0.42 for the second.

For the first three quarters, the firm raked in sales of NT$95.613 billion, a decline of 0.1 percent year-on-year. Gross profit margin was 21.62 percent, operating profit NT$10.137 billion, and operating profit margin 10.6 percent. Net profit was NT$8.705 billion, a decline of 21.5 percent year-on-year and translating into EPS of NT$1.14.

As for the fourth quarter, chief finance officer Tung Hung-su predicted shipments would grow three to five percent compared to the third quarter. Gross profit margin for the current quarter is expected to stay at 22.8 percent, the same as the third quarter, based on the exchange rate of NT$29.3 against the U.S. dollar, Tung said.

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