Chroma ATE Inc. Reports Consolidated and Parent Earnings Results for the First Quarter Ended March 31, 2018; Provides Tax Rate Guidance for the Year 2018
April 30, 2018 at 03:28 am EDT
Share
Chroma ATE Inc. reported consolidated and parent earnings results for the first quarter ended March 31, 2018. For the quarter, on consolidated basis, the company's sales revenues were TWD 3.5 billion, presented a decline of 34% quarter on quarter, but a growth of 25% year on year. Net income reached TWD 431 million, represented a decline of 51% quarter on quarter, but a growth of 50% year on year, with basic earnings per share of TWD 1.06. The growth driver for consolidated sales was coming from Chroma testing equipment business and MAS, which presented a growth of 13% and 656% year on year respectively. The turnkey solutions are the key driver for parent company sales growth, which presented a strong growth of 241% year on year.
For the quarter, on parent basis, the company's sales revenues reached TWD 2 billion, a decline of 4% quarter on quarter but a growth of 10% year on year.
For the year 2018, effective tax rate will be 17% to 18%.
Chroma Ate Inc. is a Taiwan-based company principally engaged in the manufacture and sale of precision electronics testing instruments and automatic testing system (ATS) products. The Company mainly provides power and electronic testing solutions, video and color testing solutions, passive component testing solutions, liquid crystal display (LCD)/lighting control module (LCM) testing solutions, semiconductor/integrated circuit (IC) testing solutions, light emitting diode (LED) testing solutions, photovoltaic testing solutions, as well as computer peripherals and others. The Company distributes its products in both domestic and overseas markets.
Chroma ATE Inc. Reports Consolidated and Parent Earnings Results for the First Quarter Ended March 31, 2018; Provides Tax Rate Guidance for the Year 2018