ASM Pacific Technology Limited Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2017 and Second Half of 2017; Provides Tax Rate Guidance for the Year 2018
March 01, 2018 at 03:43 pm IST
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ASM Pacific Technology Limited announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2017 and second half of 2017. For the quarter, the company reported revenue of HKD 4,227,229,000 against HKD 3,520,889,000 a year ago. Profit before taxation was HKD 528,723,000 against HKD 446,773,000 a year ago. Profit for the period attributable to owners of the company was HKD 457,941,000 or HKD 1.12 diluted per share against HKD 386,641,000 or HKD 0.95 diluted per share a year ago.
For the year, the company reported revenue of HKD 17,522,713,000 against HKD 14,249,093,000 a year ago. Profit before taxation was HKD 3,274,280,000 against HKD 1,792,949,000 a year ago. Profit for the period attributable to owners of the company was HKD 2,815,473,000 or HKD 6.35 diluted per share against HKD 1,463,864,000 or HKD 3.60 diluted per share a year ago.
For the second half, the company reported group revenue of USD 1.20 billion, representing increases of 21.0% and 14.1% over the second half of 2016 and the first half of 2017, respectively. Net profit was HKD 1.32 billion and earnings per share of HKD 3.24, representing an increase of 37.6% over the same period of 2016 and a decrease of 11.1% over the first half of 2017.
For 2018, the company expects tax rate to about 15% to 16%.
ASMPT Ltd, formerly ASM Pacific Technology Ltd, is an investment holding company principally engaged in the manufacture of machines and tools used in semiconductor and electronic assembly industries. The Company operates its business through two segments. The Semiconductor Solution segment is principally engaged in the development, production and sale of back-end equipment. Its products include CMOS image sensors (CISs), automated optical inspection tools, industrial Internet of Things (IoT), advanced packaging tools, bonders, light-emitting diode (LED) equipment and test handlers, among others. The Surface Mount Technology (SMT) Solution segment is principally engaged in the provision of SMT solutions. The Company operates businesses in the United Kingdom, Singapore and Malaysia, among others.
ASM Pacific Technology Limited Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2017 and Second Half of 2017; Provides Tax Rate Guidance for the Year 2018