UMC Reports First Quarter 2017 Results

Net operating revenues decreased to NT$37.42 billion. COGS increased to NT$29.99 billion, as depreciation declined 2.5% to NT$11.03 billion. Other manufacturing costs rose 4.0% to NT$18.96 billion, including the production ramp costs associated with Fab 12X. Gross profit was NT$7.43 billion. Operating expenses declined 6.3% to NT$6.21 billion. G&A expense decreased 31% to NT$1.05 billion and Sales & Marketing declined by 8.7% to NT$1.17 billion. R&D expense increased 4.4% to NT$3.99 billion, or 10.7% of net operating revenues. Net other operating income was NT$154 million, leading to an operating income of NT$1.37 billion.

 
Non-Operating Income and Expenses
(Amount: NT$ million)   1Q17   4Q16   1Q16
Non-Operating Income and Expenses   (304 )   (1,210 )   46
Net Interest Income and Expenses (472 ) (418 ) (57 )
Net Investment Gain and Loss 166 (1,138 ) (14 )
Gain and Loss on Disposal of Investment 488 1,023 223
Exchange Gain and Loss (517 ) (496 ) (167 )
Other Gain and Loss   31     (181 )   61  

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