ChipMOS Q3 Net Profit Slips, But Revenue Improves

November 05, 2024 — 03:47 am EST

Written by RTTNews.com for RTTNews

(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.

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ChipMOS Q3 Net Profit Slips, But Revenue Improves

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