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ChipMOS REPORTS SECOND QUARTER 2024 RESULTS
7.2% Increase in 2Q24 Revenue Compared to 1Q24
5.8% Increase in 2Q24 Gross Profit Compared to 1Q24
Overall Utilization Rate Increased to 69% from 63% in 1Q24
Net Earnings Increased to NT$0.62 per Basic Common Share Compared to NT$0.60 per Basic Common Share in 1Q24
Strong Financial Position and Liquidity with NT$14,651.9 Million or US$451.5 Million Balance of Cash and Cash Equivalents
Distributed Cash Dividend of NT$1.8 per Common Share on July 19, 2024 and US$1.098 per ADS on July 26, 2024
HSINCHU, Aug. 13, 2024 /PRNewswire-FirstCall/ -- ChipMOS TECHNOLOGIES INC. ("ChipMOS" or the "Company") (NASDAQ:IMOS), an industry leading provider of outsourced semiconductor assembly and test services ("OSAT"), today reported consolidated financial results for the second quarter ended June 30, 2024, with strong revenue growth and expansion in net earnings. All U.S. dollar figures cited in this press release are based on the exchange rate of NT$32.45 against US$1.00 as of June 28, 2024.
All the figures were prepared in accordance with Taiwan-International Financial Reporting Standards ("Taiwan-IFRS").
Revenue for the second quarter of 2024 was NT$5,809.6 million or US$179.0 million, an increase of 7.2% from NT$5,418.7 million or US$167.0 million in the first quarter of 2024 and an increase of 6.7% from NT$5,444.1 million or US$167.8 million for the same period in 2023.
Net non-operating income in the second quarter of 2024 was NT$127.6 million or US$3.9 million, compared to NT$156.3 million or US$4.8 million in the first quarter of 2024, and NT$222.4 million or US$6.9 million in the second quarter of 2023. The decrease of net non-operating income compared to the first quarter of 2024 is mainly due to ...