HSINCHU, Taiwan, Aug. 6, 2019 /PRNewswire-FirstCall/ --
Q2'19 Highlights (as compared to Q1'19):
- Revenue Grows 9.9% to US$158.2 Million Compared to US$143.9 Million
- Gross Profit Improves to US$27.0 Million Compared to US$21.6 Million
- Gross Margin Increases to 17.1% Compared to 15.0%
- Net Earnings of NT$1.75 or US$0.06 per Basic Common Share or US$1.13 per Basic ADS
- Reduction of US$30.1 Million in Net Debt Balance to US$160.1 Million, while Retained Balance of Cash and Cash Equivalents at US$171.8 Million
- Cash Dividend of NT$1.20 Per Common Share or Approximately US$0.77 Per ADS Approved by Shareholders
ChipMOS TECHNOLOGIES INC. ("ChipMOS" or the "Company") (Taiwan Stock Exchange: 8150 and NASDAQ: IMOS), an industry leading provider of outsourced semiconductor assembly and test services ("OSAT"), today reported unaudited consolidated financial results for the second quarter ended June 30, 2019. All U.S. dollar figures cited in this press release are based on the exchange rate of NT$31.01 against US$1.00 as of June 28, 2019.
All the figures were prepared in accordance with Taiwan-International Financial Reporting Standards ("Taiwan-IFRS").
Revenue for the second quarter of 2019 was NT$4,905.3 million or US$158.2 million, an increase of 9.9% from NT$4,462.0 million or US$143.9 million in the first quarter of 2019 and an increase of 9.2% from NT$4,491.6 million or US$144.8 million for the same period in 2018.
Net profit attributable to equity holders of the Company for the second quarter of 2019 was NT$1,274.6 million or US$41.1 million, and NT$1.75 or US$0.06 per basic common share, as compared to net profit attributable to equity holders of the Company for the first quarter of 2019 of NT$193.7 million or US$6.3 million, and NT$0.27 or US$0.01 per basic common share, and compared to net profit attributable to equity holders of the Company in the second quarter of 2018 of NT$124.1 million or US$4.0 million, and NT$0.15 or US$0.005 per basic common share. Net earnings for the second quarter of 2019 were US$1.13 per basic ADS, compared to US$0.17 per basic ADS for the first quarter of 2019 and US$0.09 per basic ADS in the second quarter of 2018.
S.J. Cheng, Chairman and President of ChipMOS, said, "We achieved 9.9% revenue growth in Q2 compared to Q1, improved our gross margin to 17.1% and delivered a significant improvement in net profit to NT$1.75 or US$0.06 per basic common share or US$1.13 per basic ADS, which includes the benefit of the JMC share disposal we previously noted. We continue to execute and are benefitting from the strategic diversification in our customer base and end markets, which is driving healthy utilization levels. Growth in our flash business from new module house customers is helped drive 14.4% revenue growth from Flash products in Q2 compared to Q1, and improved our assembly utilization rate to 75%. Customer demand remains strong in our TDDI and 12" fine pitch COF businesses. As a result, revenue from TDDI products grew 24% in Q2 compared to Q1, and represented about 32% of DDIC revenue in Q2. Growth is expected to continue led by higher demand for new bezel-less smartphone panels, with increasing TDDI product penetration of the HD panel segment from FHD panels. We remain focused on expanding utilization across all segments, while further improving gross margin, overall profitability, and our cash generation. These sustainable improvements will help build further value for the Company and shareholders."
Silvia Su, Vice President of Finance and Accounting, commented, "We continue to manage our business to profitability, with the right resource level and operating structure to fully support our customers and new growth opportunities. We completed the sale of 9.1 million common shares of JMC in the beginning of April and recognized a disposal gain of approximately US$31.7 million, after the deduction of related tax and expense. That was used to further strengthen our Company's financial structure, while increasing our balance of working capital and decreasing the debt ratio. We ended the second quarter with a balance of cash and cash equivalents of US$171.8 million, after reducing our net debt by about US$30.1 million to US$160.1 million with a net debt to equity ratio of 26.6%. In addition, we invested US$23.1 million in CapEx in the second quarter, the majority of which was invested in expanding our LCD driver capacity to meet customer demand levels, mainly for DDIC test and 12" fine pitch COF. Our latest cash dividend, NT$1.20 per common share or US$0.77 per ADS, was approved by shareholders at our AGM this past June, with distributions expected to be on August 30th to common stock holders and followed shortly after by the distribution to ADS holders."
Selected Operation Data |
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| Q2'19 | Q1'19 |
Revenue by segment |
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Testing |
| 20.1% | 22.2% |
Assembly |
| 24.7% | 23.1% |
LCD Driver |
| 36.0% | 35.1% |
Bumping |
| 19.2% | 19.6% |
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CapEx |
| US$23.1 million | US$20.3 million |
Testing |
| 25.2% | 25.0% |
Assembly |
| 8.5% | 7.3% |
LCD Driver |
| 56.4% | 59.3% |
Bumping |
| 9.9% | 8.4% |
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Depreciation and amortization expenses |
| US$29.7 million | US$29.0 million |
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Utilization by segment |
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Testing |
| 69% | 64% |
Assembly |
| 75% | 58% |
LCD Driver |
| 81% | 76% |
Bumping |
| 70% | 79% |
Overall |
| 75% | 70% |
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Condensed consolidated statements of cash flows |
| Period ended Jun. 30, 2019 |
| Period ended Jun. 30, 2018 |
|
|
| US$ million |
| US$ million |
Net cash generated from (used in) operating activities |
| 78.7 |
| 47.8 |
Net cash generated from (used in) investing activities |
| (43.6) |
| (101.9) |
Net cash generated from (used in) financing activities |
| (13.1) |
| (73.5) |
Net increase (decrease) in cash and cash equivalents |
| 22.0 |
| (127.6) |
Effect of exchange rate changes on cash |
| 0.1 |
| 0.2 |
Cash and cash equivalents at beginning of period |
| 149.7 |
| 259.1 |
Cash and cash equivalents at end of period |
| 171.8 |
| 131.7 |
Investor Conference Call / Webcast Details
ChipMOS will host two conference calls on Tuesday, August 6, 2019 to discuss the Company's financial results for the second quarter of 2019.
1. Date: Tuesday, August 6, 2019 | |
Time: | 4:00PM Taiwan (4:00AM New York) |
Dial-In: | +886-2-21928016 |
Password: | 661807# |
Replay Starting 2 Hours After Live Call Ends: www.chipmos.com | |
Language: Mandarin | |
2. Date: Tuesday, August 6, 2019 | |
Time: | 8:00PM Taiwan (8:00AM New York) |
Dial-In: | +1-323-701-0225 |
Password: | 8155889 |
Replay Starting 2 Hours After Live Call Ends: +1-412-317-6671, with ID 8155889 | |
Webcast of Live Call and Replay: www.chipmos.com | |
Language: English | |
About ChipMOS TECHNOLOGIES INC.:
ChipMOS TECHNOLOGIES INC. ("ChipMOS" or the "Company") (Taiwan Stock Exchange: 8150 and NASDAQ: IMOS) ( https://www.chipmos.com) is an industry leading provider of outsourced semiconductor assembly and test services. With advanced facilities in Hsinchu Science Park, Hsinchu Industrial Park and Southern Taiwan Science Park in Taiwan, ChipMOS provide assembly and test services to a broad range of customers, including leading fabless semiconductor companies, integrated device manufacturers and independent semiconductor foundries.
Forward-Looking Statements
This press release may contain certain forward-looking statements. These forward-looking statements may be identified by words such as 'believes,' 'expects,' 'anticipates,' 'projects,' 'intends,' 'should,' 'seeks,' 'estimates,' 'future' or similar expressions or by discussion of, among other things, strategy, goals, plans or intentions. These statements may include financial projections and estimates and their underlying assumptions, statements regarding plans, objectives and expectations with respect to future operations, products and services, and statements regarding future performance. Actual results may differ materially in the future from those reflected in forward-looking statements contained in this document, due to various factors. Further information regarding these risks, uncertainties and other factors are included in the Company's most recent Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission (the "SEC") and in the Company's other filings with the SEC.
About Non-Generally Accepted Accounting Principles ("Non-GAAP") Financial Measures
To supplement the consolidated financial results presented in accordance with the Taiwan-IFRS, ChipMOS uses non-GAAP free cash flow, non-GAAP earnings before interest, taxes, depreciation and amortization ("EBITDA") and non-GAAP net debt to equity ratio in this press release. The non-GAAP free cash flow represents operating profit plus depreciation, amortization and interest income and less capital expenditures, interest expense, income tax expense and dividend. The non-GAAP EBITDA represents operating profit plus depreciation and amortization. The non-GAAP net debt to equity ratio represents the ratio of net debt, the sum of debt less cash and cash equivalent, divided by equity attributable to equity holders of the Company. These non-GAAP financial measures may not be comparable to similarly titled measures presented by other companies. Other companies may calculate similarly titled measures differently.
The presentation of non-GAAP financial measures is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with the Taiwan-IFRS.
ChipMOS considers the use of non-GAAP free cash flow, non-GAAP EBITDA and non-GAAP net debt to equity ratio provides useful information to management to manage the Company's business and make financial and operational decisions and also to the investors to understand and evaluate the Company's business and operating performance. For more information on these non-GAAP financial measures, please refer to the table captioned "Reconciliations of Non-GAAP Measures to the Nearest Comparable GAAP Measures" in this press release.
Contacts: In Taiwan Jesse Huang ChipMOS TECHNOLOGIES INC. +886-6-5052388 ext. 7715 | In the U.S. David Pasquale Global IR Partners +1-914-337-8801 |
- FINANCIAL TABLES FOLLOW BELOW -
ChipMOS TECHNOLOGIES INC. | |||||
UNAUDITED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME | |||||
For the Three Months Ended Jun. 30, Mar. 31, 2019, and Jun. 30, 2018 | |||||
Figures in Millions of U.S. dollars (USD)(1) | |||||
Except for Per Share Amounts and Weighted Average Shares Outstanding | |||||
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| Three months ended | ||||
|
| Jun. 30, 2019 |
| Mar. 31, 2019 |
| Jun. 30, 2018 |
|
| USD |
| USD |
| USD |
Revenue | 158.2 |
| 143.9 |
| 144.8 |
Cost of revenue | (131.2) |
| (122.3) |
| (121.1) |
Gross profit | 27.0 |
| 21.6 |
| 23.7 |
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|
|
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|
|
Research and development expenses | (8.5) |
| (7.6) |
| (8.0) |
Sales and marketing expenses | (0.4) |
| (0.4) |
| (0.4) |
General and administrative expenses | (4.5) |
| (3.6) |
| (3.9) |
Other operating income (expenses), net | 1.0 |
| 0.3 |
| 2.0 |
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Operating profit | 14.6 |
| 10.3 |
| 13.4 |
|
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Non-operating income (expenses), net | 29.6 |
| (2.1) |
| 2.0 |
|
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|
|
|
Profit (loss) before tax | 44.2 |
| 8.2 |
| 15.4 |
|
|
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|
|
|
Income tax benefit (expense) | (3.1) |
| (1.9) |
| (11.4) |
|
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|
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|
|
Profit (loss) for the period | 41.1 |
| 6.3 |
| 4.0 |
|
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Other comprehensive income (loss) |
|
|
| ||
Exchange differences on translation of
| (1.1) |
| 2.2 |
| (0.8) |
Unrealized gain (loss) on valuation of
| 0.6 |
| (1.0) |
| 0.4 |
Share of other comprehensive income
| (0.0) |
| 0.0 |
| (0.0) |
Income tax effect | (0.1) |
| 0.2 |
| (0.1) |
Total other comprehensive income (loss) | (0.6) |
| 1.4 |
| (0.5) |
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Total comprehensive income (loss) | 40.5 |
| 7.7 |
| 3.5 |
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Profit (loss) attributable to the Company -
| 41.1 |
| 6.3 |
| 4.0 |
Earnings (loss) per share attributable to the
| 0.06 |
| 0.01 |
| 0.005 |
Earnings (loss) per ADS equivalent - basic | 1.13 |
| 0.17 |
| 0.09 |
Weighted average shares outstanding (in
| 727,032 |
| 726,925 |
| 849,672 |
Profit (loss) attributable to the Company -
| 41.1 |
| 6.3 |
| 4.0 |
Earnings (loss) per share attributable to the
| 0.06 |
| 0.01 |
| 0.005 |
Earnings (loss) per ADS equivalent - diluted | 1.12 |
| 0.17 |
| 0.09 |
Weighted average shares outstanding (in
| 733,661 |
| 728,302 |
| 857,028 |
Note: |
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(1) All U.S. dollar figures in this release are based on the exchange rate of NT$31.01 against US$1.00 as of Jun. 28, 2019.
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ChipMOS TECHNOLOGIES INC. | |||||
UNAUDITED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME | |||||
For the Three Months Ended Jun. 30, Mar. 31, 2019, and Jun. 30, 2018 | |||||
Figures in Millions of NT dollars (NTD) | |||||
Except for Per Share Amounts and Weighted Average Shares Outstanding | |||||
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| Three months ended | ||||
|
| Jun. 30, 2019 |
| Mar. 31, 2019 |
| Jun. 30, 2018 |
|
| NTD |
| NTD |
| NTD |
Revenue | 4,905.3 |
| 4,462.0 |
| 4,491.6 |
Cost of revenue | (4,067.0) |
| (3,793.7) |
| (3,756.4) |
Gross profit | 838.3 |
| 668.3 |
| 735.2 |
|
|
|
|
|
|
|
Research and development expenses | (263.7) |
| (236.7) |
| (249.5) |
Sales and marketing expenses | (14.3) |
| (11.6) |
| (13.9) |
General and administrative expenses | (138.6) |
| (112.2) |
| (120.9) |
Other operating income (expenses), net | 30.8 |
| 10.4 |
| 63.2 |
|
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|
|
|
|
Operating profit | 452.5 |
| 318.2 |
| 414.1 |
|
|
|
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|
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Non-operating income (expenses), net | 917.0 |
| (64.3) |
| 62.9 |
|
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|
|
Profit (loss) before tax | 1,369.5 |
| 253.9 |
| 477.0 |
|
|
|
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|
|
|
Income tax benefit (expense) | (94.9) |
| (60.2) |
| (352.9) |
|
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|
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Profit (loss) for the period | 1,274.6 |
| 193.7 |
| 124.1 |
|
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Other comprehensive income (loss) |
|
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|
|
|
Exchange differences on translation of
| (33.8) |
| 68.1 |
| (25.3) |
Unrealized gain (loss) on valuation of
| 17.4 |
| (31.5) |
| 14.1 |
Share of other comprehensive income
| (0.2) |
| 1.9 |
| (0.8) |
Income tax effect | (3.5) |
| 6.3 |
| (2.8) |
Total other comprehensive income (loss) | (20.1) |
| 44.8 |
| (14.8) |
|
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|
|
Total comprehensive income (loss) | 1,254.5 |
| 238.5 |
| 109.3 |
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|
Profit (loss) attributable to the Company -
| 1,274.6 |
| 193.7 |
| 124.1 |
Earnings (loss) per share attributable to the
| 1.75 |
| 0.27 |
| 0.15 |
Earnings (loss) per ADS equivalent - basic | 35.06 |
| 5.33 |
| 2.92 |
Weighted average shares outstanding (in
| 727,032 |
| 726,925 |
| 849,672 |
Profit (loss) attributable to the Company
| 1,274.6 |
| 193.7 |
| 124.1 |
Earnings (loss) per share attributable to the
| 1.74 |
| 0.27 |
| 0.14 |
Earnings (loss) per ADS equivalent - diluted | 34.75 |
| 5.32 |
| 2.90 |
Weighted average shares outstanding (in
| 733,661 |
| 728,302 |
| 857,028 |
ChipMOS TECHNOLOGIES INC. | |||||
UNAUDITED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION | |||||
As of Jun. 30, Mar. 31, 2019, and Jun. 30, 2018 | |||||
Figures in Millions of U.S. dollars (USD) (1) | |||||
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| Jun. 30, 2019 |
| Mar. 31, 2019 |
| Jun. 30, 2018 |
ASSETS | USD |
| USD |
| USD |
Current assets |
|
|
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|
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Cash and cash equivalents | 171.8 |
| 163.5 |
| 131.7 |
Current financial assets at amortized cost | 5.6 |
| 5.5 |
| 0.5 |
Accounts and notes receivable, net | 146.8 |
| 132.2 |
| 140.0 |
Inventories | 55.3 |
| 53.8 |
| 58.1 |
Other current assets | 20.1 |
| 19.7 |
| 16.7 |
Total current assets | 399.6 |
| 374.7 |
| 347.0 |
|
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Non-current assets |
|
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Financial assets at fair value through profit or loss | 0.4 |
| 0.4 |
| 0.4 |
Financial assets at fair value through other
| 5.2 |
| 4.6 |
| 3.7 |
Non-current financial assets at amortized cost | 3.2 |
| 3.2 |
| 2.0 |
Investments accounted for using equity method | 114.7 |
| 125.3 |
| 132.7 |
Property, plant & equipment | 526.6 |
| 532.9 |
| 510.9 |
Right-of-use assets | 28.7 |
| 28.6 |
| - |
Other non-current assets | 12.2 |
| 11.4 |
| 9.3 |
Total non-current assets | 691.0 |
| 706.4 |
| 659.0 |
Total assets | 1,090.6 |
| 1,081.1 |
| 1,006.0 |
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LIABILITIES AND EQUITY |
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LIABILITIES |
|
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Current liabilities |
|
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|
Short-term bank loans | - |
| 9.7 |
| - |
Accounts payable and payables to contractors and
| 38.4 |
| 40.5 |
| 43.2 |
Current lease liabilities | 1.3 |
| 1.3 |
| - |
Long-term bank loans, current portion | 24.1 |
| 24.1 |
| 24.1 |
Long-term lease obligations payable, current portion | - |
| - |
| 0.4 |
Other current liabilities | 91.4 |
| 70.3 |
| 72.4 |
Total current liabilities | 155.2 |
| 145.9 |
| 140.1 |
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Non-current liabilities |
|
|
|
|
|
Long-term bank loans | 279.5 |
| 291.7 |
| 245.6 |
Non-current lease liabilities | 27.0 |
| 26.9 |
| - |
Long-term lease obligations payable | - |
| - |
| 0.4 |
Other non-current liabilities | 26.4 |
| 26.1 |
| 24.4 |
Total non-current liabilities | 332.9 |
| 344.7 |
| 270.4 |
Total liabilities | 488.1 |
| 490.6 |
| 410.5 |
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EQUITY |
|
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Capital stock – common stock | 238.7 |
| 242.8 |
| 285.7 |
Capital surplus | 198.8 |
| 202.5 |
| 202.6 |
Retained earnings | 175.9 |
| 170.9 |
| 135.3 |
Other equity interest | 4.7 |
| 5.3 |
| 4.4 |
Treasury stock | (15.6) |
| (31.0) |
| (32.5) |
Equity attributable to equity holders of the Company | 602.5 |
| 590.5 |
| 595.5 |
Total equity | 602.5 |
| 590.5 |
| 595.5 |
Total liabilities and equity | 1,090.6 |
| 1,081.1 |
| 1,006.0 |
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Note: (1) All U.S. dollar figures in this release are based on the exchange rate of NT$31.01 against US$1.00 as of Jun. 28, 2019.
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ChipMOS TECHNOLOGIES INC. | |||||
UNAUDITED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION | |||||
As of Jun. 30, Mar. 31, 2019, and Jun. 30, 2018 | |||||
Figures in Millions of NT dollars (NTD) | |||||
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|
| Jun. 30, 2019 |
| Mar. 31, 2019 |
| Jun. 30, 2018 |
ASSETS | NTD |
| NTD |
| NTD |
Current assets |
|
|
|
|
|
Cash and cash equivalents | 5,326.4 |
| 5,069.0 |
| 4,082.6 |
Current financial assets at amortized cost | 173.2 |
| 171.2 |
| 15.9 |
Accounts and notes receivable, net | 4,552.3 |
| 4,099.9 |
| 4,341.9 |
Inventories | 1,716.6 |
| 1,667.0 |
| 1,800.3 |
Other current assets | 623.8 |
| 612.3 |
| 518.4 |
Total current assets | 12,392.3 |
| 11,619.4 |
| 10,759.1 |
|
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|
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|
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Non-current assets |
|
|
|
|
|
Financial assets at fair value through profit or loss | 11.6 |
| 11.7 |
| 11.8 |
Financial assets at fair value through other
| 160.2 |
| 142.8 |
| 114.7 |
Non-current financial assets at amortized cost | 99.9 |
| 99.2 |
| 62.4 |
Investments accounted for using equity method | 3,557.1 |
| 3,884.5 |
| 4,114.0 |
Property, plant & equipment | 16,329.2 |
| 16,524.7 |
| 15,844.2 |
Right-of-use assets | 890.5 |
| 888.9 |
| - |
Other non-current assets | 377.3 |
| 352.5 |
| 289.2 |
Total non-current assets | 21,425.8 |
| 21,904.3 |
| 20,436.3 |
Total assets | 33,818.1 |
| 33,523.7 |
| 31,195.4 |
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LIABILITIES AND EQUITY |
|
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|
|
|
LIABILITIES |
|
|
|
|
|
Current liabilities |
|
|
|
|
|
Short-term bank loans | - |
| 300.0 |
| - |
Accounts payable and payables to contractors and
| 1,189.3 |
| 1,256.2 |
| 1,341.8 |
Current lease liabilities | 39.7 |
| 40.2 |
| - |
Long-term bank loans, current portion | 748.2 |
| 748.1 |
| 747.3 |
Long-term lease obligations payable, current portion | - |
| - |
| 11.6 |
Other current liabilities | 2,833.4 |
| 2,180.8 |
| 2,244.9 |
Total current liabilities | 4,810.6 |
| 4,525.3 |
| 4,345.6 |
|
|
|
|
|
|
|
Non-current liabilities |
|
|
|
|
|
Long-term bank loans | 8,668.0 |
| 9,044.3 |
| 7,616.7 |
Non-current lease liabilities | 836.9 |
| 835.0 |
| - |
Long-term lease obligations payable | - |
| - |
| 12.0 |
Other non-current liabilities | 818.8 |
| 808.8 |
| 755.1 |
Total non-current liabilities | 10,323.7 |
| 10,688.1 |
| 8,383.8 |
Total liabilities | 15,134.3 |
| 15,213.4 |
| 12,729.4 |
|
|
|
|
|
|
|
EQUITY |
|
|
|
|
|
Capital stock – common stock | 7,400.9 |
| 7,528.3 |
| 8,859.8 |
Capital surplus | 6,165.9 |
| 6,280.7 |
| 6,281.2 |
Retained earnings | 5,453.4 |
| 5,298.3 |
| 4,196.4 |
Other equity interest | 146.2 |
| 165.5 |
| 136.2 |
Treasury stock | (482.6) |
| (962.5) |
| (1,007.6) |
Equity attributable to equity holders of the Company | 18,683.8 |
| 18,310.3 |
| 18,466.0 |
Total equity | 18,683.8 |
| 18,310.3 |
| 18,466.0 |
Total liabilities and equity | 33,818.1 |
| 33,523.7 |
| 31,195.4 |
RECONCILIATIONS OF NON-GAAP MEASURES TO THE NEAREST COMPARABLE GAAP MEASURES | |||||
(Figures in Millions of U.S. dollars (USD)) | |||||
|
| |||||
The table below sets forth a reconciliation of our operating profit to non-GAAP free cash flow for the periods indicated: | |||||
|
| |||||
|
| Three months ended | ||||
|
| Jun. 30, 2019 |
| Mar. 31, 2019 |
| Jun. 30, 2018 |
|
| USD |
| USD |
| USD |
Operating profit | 14.6 |
| 10.3 |
| 13.4 |
Add: Depreciation | 29.7 |
| 29.0 |
| 27.2 |
Interest income | 0.6 |
| 0.5 |
| 0.4 |
Less: Capital expenditures | (23.1) |
| (20.3) |
| (31.5) |
Interest expense | (1.4) |
| (1.4) |
| (1.2) |
Income tax expense | (3.1) |
| (1.9) |
| (11.4) |
Non-GAAP free cash flow | 17.3 |
| 16.2 |
| (3.1) |
|
| |||||
|
| |||||
The table below sets forth a reconciliation of our operating profit to non-GAAP EBITDA for the periods indicated: | |||||
|
|
| ||||
|
| Three months ended | ||||
|
| Jun. 30, 2019 |
| Mar. 31, 2019 |
| Jun. 30, 2018 |
|
| USD |
| USD |
| USD |
Operating profit | 14.6 |
| 10.3 |
| 13.4 |
Add: Depreciation | 29.7 |
| 29.0 |
| 27.2 |
Non-GAAP EBITDA | 44.3 |
| 39.3 |
| 40.6 |
|
| |||||
|
| |||||
The table below sets forth a calculation of our non-GAAP net debt to equity ratio for the periods indicated: | |||||
|
|
|
|
|
|
|
|
| Jun. 30, 2019 |
| Mar. 31, 2019 |
| Jun. 30, 2018 |
|
| USD |
| USD |
| USD |
Short-term bank loans | - |
| 9.7 |
| - |
Long-term bank loans
| 303.6 |
| 315.8 |
| 269.7 |
Long-term lease obligations payable
| - |
| - |
| 0.8 |
Lease liabilities
| 28.3 |
| 28.2 |
| - |
Less: Cash and cash equivalents | (171.8) |
| (163.5) |
| (131.7) |
Net debt | 160.1 |
| 190.2 |
| 138.8 |
Equity attributable to equity holders of
| 602.5 |
| 590.5 |
| 595.5 |
Net debt to equity ratio | 26.6% |
| 32.2% |
| 23.3% |
View original content:
http://www.prnewswire.com/news-releases/chipmos-reports-second-quarter-2019-results-300896856.html
SOURCE ChipMOS TECHNOLOGIES INC.
| Contact: |
| Company Name: ChipMOS TECHNOLOGIES INC.
Web: http://www.chipmos.com Financial data for ChipMOS TECHNOLOGIES INC. |
