IMOS

ChipMOS Q3 Net Profit Slips, But Revenue Improves

(RTTNews) - ChipMOS Technologies (Bermuda) Ltd. (IMOS), a Taiwanese semiconductor company, on Tuesday registered a decline in net profit, hurt by foreign exchange loss, non-operating expenses, and loss on the share of associates. However, the company posted a rise in revenue.

For the three-month period to September 30, the company recorded net profit of NT$299.4 million or NT$0.41 per basic share, lesser than NT$580.6 million or NT$0.80 per basic share, registered for the same period last year.

Net earnings were $0.26 per basic ADS, compared with $0.50 per basic ADS a year ago.

Foreign exchange loss stood at NT$73 million as against a gain of NT$167 million in 2023.

Loss on the share of associates accounted for using equity method stood at NT$5 million, compared with a profit of NT$63 million a year ago.

Revenue was NT$6.068 billion, up from NT$5.581 billion in 2023.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Tags

More Related Articles

Info icon

This data feed is not available at this time.

Data is currently not available

Sign up for the TradeTalks newsletter to receive your weekly dose of trading news, trends and education. Delivered Wednesdays.