UMC Reports Fourth Quarter 2017 Results

Net operating revenues decreased 2.8% to NT$36.63 billion. COGS decreased to NT$30.33 billion, as depreciation declined 1.4% to NT$10.99 billion. Other manufacturing costs fell 3.1% to NT$19.34 billion. Gross profit was NT$6.30 billion. Operating expenses declined 3.8% to NT$5.20 billion. General and Administrative (G&A) expenses increased 17.5% to NT$1.16 billion. Sales & Marketing fell 11.8% to NT$0.94 billion and R&D expense decreased 7.6% to NT$3.09 billion, or 8.4% of net operating revenues. Net other operating income was NT$801 million, leading to an operating income of NT$1.90 billion.

 
Non-Operating Income and Expenses
(Amount: NT$ million)   4Q17   3Q17   4Q16
Non-Operating Income and Expenses   (152)   1,236   (1,210)
Net Interest Income and Expenses (542) (538) (418)
Net Investment Gain and Loss (80) 478 (1,138)
Gain and Loss on Disposal of Investment (22) 538 1,023
Exchange Gain and Loss 500 776 (496)
Other Gain and Loss   (8)   (18)   (181)
 

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