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ChipMOS REPORTS FIRST QUARTER 2018 RESULTS

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ChipMOS REPORTS FIRST QUARTER 2018 RESULTS

PR Newswire

HSINCHU, Taiwan, May 10, 2018 /PRNewswire-FirstCall/ --

Q1'18 Highlights (as compared to Q4'17):

  • Net Revenue at US$137.8 Million Compared to US$151.5 Million
  • March 2018 Revenue Increased 20.9%, as Compared to the month of February 2018
  • Retained Balance of Cash and Cash Equivalents at US$229.8 Million, with Net Debt Balance of US$138.6 Million
  • Board Resolved on March 15, 2018 That Cash Dividend of NT$0.30 Per Common Share Will Be Distributed to Shareholders from Earnings.  On An ADS Basis, The Amount Distributed to Shareholders Will Be Approximately US$0.21 Per ADS.  The Distribution is Pending Approval by Shareholders at the Company's Annual General Meeting on June 26, 2018.
  • Board Resolved a Capital Reduction Plan on March 15, 2018 That NT$1.50 Per Common Share Will Be Distributed to Shareholders in Cash to Reduce Capital at Approximately 15%.  On An ADS Basis, The Amount Distributed to Shareholders Will Be Approximately US$1.03 Per ADS.  The Distribution is Pending Approval by Shareholders at the Company's Annual General Meeting on June 26, 2018 and Competent Authority's Approval.

ChipMOS TECHNOLOGIES INC. ("ChipMOS" or the "Company") (NASDAQ:IMOS), an industry leading provider of outsourced semiconductor assembly and test services ("OSAT"), today reported unaudited consolidated financial results for the first quarter ended March 31, 2018. All U.S. dollar figures cited in this press release are based on the exchange rate of NT$29.10 against US$1.00 as of March 30, 2018.

All the figures were prepared in accordance with Taiwan-International Financial Reporting Standards ("Taiwan-IFRS").

Net revenue for the first quarter of 2018 was NT$4,010.9 million or US$137.8 million, a decrease of 9.0% from NT$4,408.2 million or US$151.5 million in the fourth quarter of 2017 and a decrease of 12.0% from NT$4,560.3 million or US$156.7 million for the same period in 2017.  The decline in revenue from the prior fourth quarter of 2017 reflects the typical first quarter low season, while the comparison to the first quarter of 2017 reflects the subsequent lower allocation from the Company's largest DRAM customer, which adversely impacted revenue. 

Net profit attributable to equity holders of the Company for the first quarter of 2018 was NT$22.8 million or US$0.8 million, and NT$0.03 or US$0.001 per basic common share and NT$0.03 or US$0.001 per diluted common share, as compared to net profit attributable to equity holders of the Company for the fourth quarter of 2017 of NT$163.0 million or US$5.6 million, and NT$0.19 or US$0.01 per basic common share and NT$0.19 or US$0.01 per diluted common share, and compared to net profit attributable to equity holders of the Company in the first quarter of 2017 of NT$2,380.1 million or US$81.8 million, and NT$2.82 or US$0.10 per basic common share and NT$2.77 or US$0.10 per diluted common share.  Net earnings for the first quarter of 2018 were US$0.02 per diluted ADS, compared to US$0.13 per diluted ADS for the fourth quarter of 2017 and US$1.90 per diluted ADS in the first quarter of 2017.  The decline in net earnings, as compared to the fourth quarter of 2017, primarily reflects the adverse impact of a US$4.3 million foreign exchange loss and first quarter low season revenue, while the comparison to the first quarter of 2017 reflects the subsequent lower allocation from the Company's largest DRAM customer and the non-recurrence of a US$65.6 million benefit to net profit in the first quarter of 2017, in which the Company completed the ChipMOS Shanghai equity interest transfer to Tsinghua Unigroup led strategic investors. 

S.J. Cheng, Chairman and President of ChipMOS, said, "Revenue for the first quarter of 2018 was in-line with expectations and reflects the typical low season, as compared to the fourth quarter, and reflects the subsequent lower allocation from the Company's largest DRAM customer, as compared to the first quarter of 2017.  Despite the headwinds, first quarter of 2018 revenue benefited from demand growth from the industrial and automotive markets, and cryptocurrency applications.  Our DRAM revenue increased 12.2% compared to the fourth quarter of 2017, with Test site revenue holding flat.  Importantly, we have moved beyond the low season having reported 20.9% revenue growth for the month of March 2018, as compared to the month of February 2018.  While our growth rate will fluctuate, the fundamentals of our business remain strong across a diverse base of customers and end markets, giving us confidence as we target quarter over quarter revenue growth in 2018.  According to industry and customer' feedback, we expect to benefit from strong Niche DRAM demand, and an increased revenue contribution from TDDI, OLED, and 12 inch fine pitch chip on film ("COF") solutions.  In-line with the growth we noted and capacity utilization levels, we are raising prices in our COF and gold bumping starting this month, which will partially benefit results in the current second quarter, with the full benefit to be seen in the second half of 2018."

Silvia Su, Senior Director of Finance and Accounting, commented, "The underlying fundamentals of our business remain strong and we are encouraged by the broad-based demand we are seeing.  Results in the first quarter of 2018 reflect an unfavorable comparison with the first quarter of 2017 given the non-recurrence of a US$65.6 million benefit to net profit in the first quarter of 2017, in which the Company completed the ChipMOS Shanghai equity interest transfer to Tsinghua Unigroup led strategic investors combined with the subsequent lower allocation from the Company's largest DRAM customer, which impacted revenue in the first quarter of 2018.  We expect gross margin will gradually improve from 14.6% in the low first quarter of 2018, as we move through 2018 based on current demand and capacity utilization levels. We ended the first quarter with a balance of cash and cash equivalents of US$229.8 million, and a net debt balance of US$138.6 million.  We continue to execute on our core business, target sustainable higher margin growth opportunities, and prioritize capital expenditures in support of our long-term growth strategy.  As a next step, our Board resolved on March 15, 2018 that NT$0.30 per common share will be distributed to shareholders from earnings and NT$1.50 per common share will be distributed to shareholders from a capital reduction in cash at a ratio of 15%.  The total amount of cash to be distributed is approximately NT$1,586.3 million or US$54.5 million.  On an ADS basis, the total cash distribution to shareholders will be approximately US$0.21 per ADS from earnings and US$1.03 per ADS from the capital reduction.  The distribution dates are pending shareholders' approval of the distributions at the Company's annual general meeting on June 26, 2018."

Selected Operation Data







Q1'18

Q4'17

Revenue by segment



   Testing

28.8%

26.6%

   Assembly

26.5%

26.0%

   LCD Driver 

27.1%

29.8%

Bumping

17.6%

17.6%




CapEx

US$43.4 million

US$36.2 million

   Testing

29.3%

7.4%

   Assembly

8.1%

19.2%

LCD Driver

55.0%

67.3%

   Bumping

7.6%

6.1%




Depreciation and amortization expenses

US$27.9 million

US$26.8 million




Utilization by segment



   Testing

79%

79%

   Assembly

61%

62%

   LCD Driver

78%

85%

Bumping

65%

66%

   Overall

71%

74%

 

Condensed consolidated statements of cash flows


Period ended

Mar. 31, 2018


Period ended

Mar. 31, 2017



US$ million


US$ million

Net cash generated from (used in) operating activities


26.1


63.9

Net cash generated from (used in) investing activities


(74.9)


43.5

Net cash generated from (used in) financing activities


2.7


34.7

Net increase (decrease) in cash and cash equivalents


(46.1)


142.1

Effect of exchange rate changes on cash


(0.2)


(0.5)

Cash and cash equivalents at beginning of period


276.1


260.2

Cash and cash equivalents at end of period


229.8


401.8

Investor Conference Call / Webcast Details
ChipMOS will host two conference calls on Thursday, May 10, 2018 to discuss the Company's financial results for the first quarter of 2018. 

1. Date: Thursday, May 10, 2018
Time: 2:00PM Taiwan (2:00AM New York)
Dial-In: +886-2-21928016
Password:  438959#
Replay Starting 2 Hours After Live Call Ends: www.chipmos.com.tw
Language: Mandarin

2. Date: Thursday, May 10, 2018
Time: 8:00PM Taiwan (8:00AM New York)
Dial-In: +1-201-689-8562
Password: 13679178
Replay Starting 2 Hours After Live Call Ends: +1-412-317-6671, with ID 13679178
Webcast of Live Call and Replay: www.chipmos.com 
Language: English

About ChipMOS TECHNOLOGIES INC.:

ChipMOS TECHNOLOGIES INC. ("ChipMOS" or the "Company") (NASDAQ:IMOS) (http://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. ChipMOS along with strategic investors, also owns an advanced facility in Shanghai.

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.

- FINANCIAL TABLES FOLLOW BELOW -

ChipMOS TECHNOLOGIES INC.

UNAUDITED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

For the Three Months Ended  Mar. 31, 2018, Dec. 31, and Mar. 31, 2017

Figures in Millions of U.S. dollars (USD)(1)

Except for Per Share Amounts and  Weighted AverageShares Outstanding



Three months ended


Mar. 31, 2018


Dec. 31, 2017


Mar. 31, 2017


USD


USD


USD

Revenue(2)

137.8


151.5


156.7

Cost of revenue

(117.7)


(125.7)


(128.6)

Gross profit 

20.1


25.8


28.1







Research and development expenses

(7.4)


(8.2)


(8.8)

Sales and marketing expenses

(0.4)


(0.5)


(0.8)

General and administrative  expenses

(4.6)


(4.0)


(5.6)

Other operating income (expenses), net

1.1


(1.6)


23.3







Operating profit

8.8


11.5


36.2







Non-operating income (expenses), net

(7.1)


(4.2)


(14.8)







Profit (loss) before tax 

1.7


7.3


21.4







Income tax benefit (expense)

(0.9)


(1.7)


(4.2)







Profit from continuing operations

0.8


5.6


17.2







Profit (loss) from discontinued operations

-


0.0


64.6







Profit (loss) for the period

0.8


5.6


81.8








Attributable to:






Equity holders of the Company 

0.8


5.6


17.2

 – Continuing operations

– Discontinued operations

-


0.0


64.6


0.8


5.6


81.8









Profit (loss) for the period

0.8



5.6



81.8

Other comprehensive income (loss)









Exchange differences on translation of 
   foreign operations

1.7



0.1



(10.4)

Profit (loss) on remeasurements of defined
   benefit plans

-



1.8



-

Unrealized gain (loss) on valuation of
   equity instruments at fair value through
   other comprehensive income

0.4



-



-

Share of other comprehensive income
   (loss) of associates and joint ventures
   accounted for using equity method

(0.0)



0.0



-

 Income tax effect

(0.1)



(0.3)




Total other comprehensive income (loss)

2.0



1.6



(10.4)










Total comprehensive income (loss)

2.8



7.2



71.4

Attributable to:









Equity holders of the Company

2.8



7.2



16.7

    – Continuing operations




   – Discontinued operations

-



0.0



54.7


2.8



7.2



71.4

Profit (loss) attributable to the Company –
   basic

0.8



5.6



81.8

Earnings (loss) per share attributable to the
   Company - basic

0.001



0.01



0.10

Earnings (loss) per ADS equivalent – basic

0.02



0.13



1.94

Weighted average shares outstanding (in
   thousands) - basic

849,571



849,571



845,078

Profit (loss) attributable to the Company -
   diluted

0.8



5.6



81.8

Earnings (loss) per share attributable to the
   Company - diluted

0.001



0.01



0.10

Earnings (loss) per ADS equivalent - diluted

0.02



0.13



1.90

Weighted average shares outstanding (in
   thousands) - diluted

854,443



854,606



859,536











Note:





(1) All U.S. dollar figures in this release are based on the exchange rate of NT$29.10 against US$1.00 as of Mar. 30, 2018.
The convenience translation should not be construed as representations that the NT dollar amounts have been, or could
be in the future be, converted into US dollars at this or any other exchange rate.

(2) In March 2017, the Company completed the sale and transfer of 54.98% equity interests of its former wholly-owned
subsidiary ChipMOS Shanghai to Strategic Investors.  Under Taiwan-IFRS, starting in Q1 2017 the revenue generated by
ChipMOS Shanghai is no longer included in the Company's consolidated revenue.  The Company, however, recognizes
45.02% of the net income generated from ChipMOS Shanghai on an ongoing basis.

 

ChipMOS TECHNOLOGIES INC.

UNAUDITED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

For the Three Months Ended  Mar. 31, 2018, Dec. 31, and Mar. 31, 2017

Figures in Millions of NT dollars (NTD)

Except for Per Share Amounts and  Weighted AverageShares Outstanding



Three months ended


Mar. 31, 2018


Dec. 31, 2017


Mar. 31, 2017


NTD


NTD


NTD

Revenue(1)


4,010.9


4,408.2


4,560.3

Cost of revenue


(3,426.8)


(3,658.9)


(3,743.7)

Gross profit 


584.1


749.3


816.6








Research and development expenses


(215.8)


(237.6)


(256.7)

Sales and marketing expenses


(11.0)


(14.7)


(22.1)

General and administrative expenses


(132.2)


(116.6)


(162.5)

Other operating income (expenses), net


32.4


(45.7)


679.1








Operating profit


257.5


334.7


1,054.4








Non-operating income (expenses), net


(207.8)


(122.8)


(431.0)








Profit (loss) before tax 


49.7


211.9


623.4








Income tax benefit (expense)


(26.9)


(49.7)


(122.6)








Profit from continuing operations


22.8


162.2


500.8








Profit (loss) from discontinued operations


-


0.8


1,879.3








Profit (loss) for the period


22.8


163.0


2,380.1










Attributable to:








Equity holders of the Company










 – Continuing operations


22.8




162.2



500.8

 – Discontinued operations


-




0.8



1,879.3



22.8




163.0


2,380.1

















Profit (loss) for the period


22.8




163.0



2,380.1

Other comprehensive income (loss)










Exchange differences on translation of 
   foreign operations


50.9




3.6



(302.2)

Profit (loss) on remeasurements of defined
   benefit plans


-




50.8



-

Unrealized gain (loss) on valuation of
   equity instruments at fair value through
   other comprehensive income


11.3




-



-

Share of other comprehensive income 
   (loss) of associates and joint ventures
   accounted for using equity method


(0.9)




0.6



-

 Income tax effect


(1.4)




(8.6)



-

Total other comprehensive income (loss)


59.9




46.4



(302.2)











Total comprehensive income (loss)


82.7




209.4



2,077.9

Attributable to:










Equity holders of the Company


82.7




208.6



486.2

    – Continuing operations






    – Discontinued operations


-




0.8



1,591.7



82.7




209.4



2,077.9

Profit (loss) attributable to the Company –
   basic


22.8




163.0



2,380.1

Earnings (loss) per share attributable to the
   Company - basic


0.03




0.19



2.82

Earnings (loss) per ADS equivalent – basic


0.54




3.84



56.33

Weighted average shares outstanding (in 
   thousands) - basic


849,571




849,571



845,078

Profit (loss) attributable to the Company –
   diluted


22.8




163.0



2,380.1

Earnings (loss) per share attributable to the
   Company - diluted


0.03




0.19



2.77

Earnings (loss) per ADS equivalent - diluted


0.53




3.81



55.38

Weighted average shares outstanding (in
   thousands) - diluted


854,443




854,606



859,536











Note:





(1) In March 2017, the Company completed the sale and transfer of 54.98% equity interests of its former wholly-owned
subsidiary ChipMOS Shanghai to Strategic Investors.  Under Taiwan-IFRS, starting in Q1 2017 the revenue generated by
ChipMOS Shanghai is no longer included in the Company's consolidated revenue.  The Company, however, recognizes 4
5.02% of the net income generated from ChipMOS Shanghai on an ongoing basis.


 

 

ChipMOS TECHNOLOGIES INC.

UNAUDITED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION

As of Mar. 31, 2018, Dec. 31, and Mar. 31, 2017

Figures in Millions of U.S. dollars (USD) (1)



Mar. 31, 2018


Dec. 31, 2017


Mar. 31, 2017

ASSETS

USD


USD


USD

Current assets






Cash and cash equivalents

229.8


276.1


401.8

Accounts and notes receivable, net

125.4


138.0


121.8

Inventories

61.3


66.3


66.5

Other current assets

17.1


7.6


14.9

Total current assets

433.6


488.0


605.0







Non-current assets






Financial assets at fair value through profit or loss

0.4


-


-

Financial assets at fair value through other
   comprehensive income

3.4


-


-

Non-current financial assets carried at cost

-


0.7


0.4

Investments accounted for using equity method

145.4


118.0


74.9

Property, plant & equipment

540.0


524.6


478.9

Other non-current assets

12.9


11.7


12.5

Total non-current assets

702.1


655.0


566.7

Total assets

1,135.7


1,143.0


1,171.7







LIABILITIES AND EQUITY






LIABILITIES






Current liabilities






Short-term bank loans

36.0


33.3


36.3

Accounts payable and payables to contractors and
   equipment suppliers

43.3


48.2


48.7

Long-term bank loans, current portion

73.7


73.6


36.5

Long-term lease obligations payable, current portion

0.4


0.4


0.4

Other current liabilities

59.3


73.7


61.3

Total current liabilities

212.7


229.2


183.2







Non-current liabilities






Long-term bank loans

257.8


257.7


331.5

Long-term lease obligations payable

0.5


0.6


0.9

Other non-current liabilities

25.6


23.4


23.5

Total non-current liabilities

283.9


281.7


355.9

Total liabilities

496.6


510.9


539.1







EQUITY






Capital stock – common stock

304.5


304.6


304.8

Capital surplus

216.0


216.1


237.2

Retained earnings

148.7


145.6


130.7

Other equity interest

4.5


0.4


(5.5)

Treasury stock

(34.6)


(34.6)


(34.6)

Equity attributable to equity holders of the Company

639.1


632.1


632.6

Total equity

639.1


632.1


632.6

Total liabilities and equity

1,135.7


1,143.0


1,171.7







Note:

(1) All U.S. dollar figures in this release are based on the exchange rate of NT$29.10 against US$1.00 as of Mar. 30, 2018. The
convenience translation should not be construed as representations that the NT dollar amounts have been, or could be in the
future be, converted into US dollars at this or any other exchange rate.


 

ChipMOS TECHNOLOGIES INC.

UNAUDITED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION

As of Mar. 31, 2018, Dec. 31, and Mar. 31, 2017

Figures in Millions of NT dollars (NTD)



Mar. 31, 2018


Dec. 31, 2017


Mar. 31, 2017

ASSETS

NTD


NTD


NTD

Current assets






Cash and cash equivalents

6,688.5


8,035.7


11,692.8

Accounts and notes receivable, net

3,647.8


4,015.8


3,543.6

Inventories

1,785.1


1,929.2


1,935.7

Other current assets

496.0


220.3


434.0

Total current assets

12,617.4


14,201.0


17,606.1







Non-current assets






Financial assets at fair value through profit or loss

11.9


-


-

Financial assets at fair value through other
   comprehensive income

100.6


-


-

Non-current financial assets carried at cost

-


20.9


10.0

Investments accounted for using equity method

4,231.0


3,433.3


2,180.3

Property, plant & equipment

15,714.6


15,265.3


13,937.2

Other non-current assets

374.3


339.4


363.5

Total non-current assets

20,432.4


19,058.9


16,491.0

Total assets

33,049.8


33,259.9


34,097.1







LIABILITIES AND EQUITY






LIABILITIES






Current liabilities






Short-term bank loans

1,046.6


969.4


1,055.6

Accounts payable and payables to contractors and
   equipment suppliers

1,261.2


1,401.4


1,418.8

Long-term bank loans, current portion

2,144.0


2,143.2


1,062.6

Long-term lease obligations payable, current portion

12.0


11.8


11.3

Other current liabilities

1,725.5


2,144.8


1,783.1

Total current liabilities

6,189.3


6,670.6


5,331.4







Non-current liabilities






Long-term bank loans

7,502.9


7,498.9


9,646.9

Long-term lease obligations payable

15.0


18.0


26.5

Other non-current liabilities

744.1


679.1


683.8

Total non-current liabilities

8,262.0


8,196.0


10,357.2

Total liabilities

14,451.3


14,866.6


15,688.6







EQUITY






Capital stock – common stock

8,861.4


8,863.0


8,868.4

Capital surplus

6,284.2


6,288.3


6,901.4

Retained earnings

4,328.7


4,237.9


3,805.0

Other equity interest

131.8


11.7


(158.7)

Treasury stock

(1,007.6)


(1,007.6)


(1,007.6)

Equity attributable to equity holders of the Company

18,598.5


18,393.3


18,408.5

Total equity

18,598.5


18,393.3


18,408.5

Total liabilities and equity

33,049.8


33,259.9


34,097.1


 

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


Mar. 31, 2018


Dec. 31, 2017


Mar. 31, 2017


USD


USD


USD

Operating profit

8.8


11.5


36.2

Add: Depreciation

27.9


26.8


22.9

         Interest income

0.3


0.6


0.3

Less: Capital expenditures

(43.4)


(36.2)


(39.0)

Interest expense

(1.4)


(1.6)


(1.6)

Income tax expense

(0.9)


(1.7)


(4.2)

Non-GAAP free cash flow

(8.7)


(0.6)


14.6









The table below sets forth a reconciliation of our operating profit to non-GAAP EBITDA for the periods indicated:




Three months ended


Mar. 31, 2018


Dec. 31, 2017


Mar. 31, 2017


USD


USD


USD

Operating profit

8.8


11.5


36.2

Add: Depreciation

27.9


26.8


22.9

Non-GAAP EBITDA

36.7


38.3


59.1









The table below sets forth a calculation of our non-GAAP net debt to equity ratio for the periods indicated:



Mar. 31, 2018


Dec. 31, 2017


Mar. 31, 2017


USD


USD


USD

Short-term bank loans

36.0


33.3


36.3

Long-term bank loans

(including current portion)

331.5


331.3


368.0

Long-term lease obligations payable

(including current portion)

0.9


1.0


1.3

Less: Cash and cash equivalents

(229.8)


(276.1)


(401.8)

Net debt

138.6


89.5


3.8

Equity attributable to equity holders of
   the Company

639.1


632.1


632.6

Net debt to equity ratio

21.7%


14.2%


0.6%







 

Contacts:

In Taiwan

Dr. G.S. Shen

ChipMOS TECHNOLOGIES INC.

+886-3-5668877

g.s._shen@chipmos.com

 

In the U.S.

David Pasquale

Global IR Partners

+1-914-337-8801

dpasquale@globalirpartners.com

 

Cision View original content:http://www.prnewswire.com/news-releases/chipmos-reports-first-quarter-2018-results-300646198.html

SOURCE ChipMOS TECHNOLOGIES INC.

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