Macronix International Co. Ltd. announced unaudited earnings results for the fourth quarter ended December 31, 2011. For the quarter, the company reported net sales of TWD 8,414 million against TWD 5,506 million a year ago. Operating income was TWD 1,428 million against TWD 1,427 million a year ago. Income before tax was TWD 1,258 million against TWD 1,198 million a year ago. Net income was TWD 981 million or TWD 0.29 per share against TWD 1,120 million or TWD 0.33 per share a year ago. Revenue increase was due to increasing demand for ROM products. Net cash flow in operating activities was TWD 4,254 million in the quarter. Capital expenditure for the quarter was TWD 3,118 million mainly for the equipment procurement of Fab5. Book value per share was TWD 12.39. For the year, the company reported net sales of TWD 27,844 million against TWD 27,558 million a year ago. Operating income was TWD 3,784 million against TWD 8,645 million a year ago. Income before tax was TWD 3,509 million against TWD 8,461 million a year ago. Net income was TWD 2,917 million or TWD 0.86 per share against TWD 7,783 million or TWD 2.33 per share a year ago. 2011. For the first quarter of 2012, the company expects revenue to be in the range of TWD 5.2 billion to TWD 5.8 billion, Gross margin to be n the range of 20% to 24%, and operating margin to be in the range of 10% to 5%.