The Company expects revenue for the third quarter of 2015 will decrease approximately 2% to 7%, as compared to the second quarter of 2015. The Company expects gross margin on a consolidated basis to be in the range of approximately 17% to 21% for the third quarter of 2015. The Company anticipates depreciation and amortization expenses for the third quarter of 2015 to be approximately US$26 million. Operating expenses are expected to be approximately 6% to 8% of revenues in the third quarter of 2015. The Company expects CapEx spending to be approximately US$30 million in the third quarter of 2015, with CapEx spending for the full year 2015 to be less than US$125 million. The total number of the Company's outstanding common shares at the end of the third quarter of 2015 is expected to be approximately 28 million.
Investor Conference Call / Webcast Details
ChipMOS will review detailed second quarter 2015 results on Monday, August 10, 2015 at 7:00 PM Eastern Time (7:00 AM Taiwan time, Tuesday, August 11, 2015). The conference call-in number is +1-201-689-8562. A live webcast of the conference call will be available at ChipMOS' website at http://www.chipmos.com. The playback is scheduled to be available in 2 hours after the conclusion of the conference call and will be accessible by dialing +1-858-384-5517, with confirmation ID number 13615114.
About ChipMOS TECHNOLOGIES (Bermuda) LTD.:
ChipMOS TECHNOLOGIES (Bermuda) LTD. ("ChipMOS" or the "Company") (NASDAQ: IMOS) ( http://www.chipmos.com) is an industry leading provider of semiconductor assembly and test services. With advanced facilities in Hsinchu and Southern Taiwan Science Parks in Taiwan and Shanghai, ChipMOS and its subsidiaries provide assembly and test services to a broad range of customers, including leading fabless semiconductor companies, integrated device manufacturers and independent semiconductor foundries. The Company's majority-owned subsidiary, ChipMOS Taiwan, is listed on TWSE under Stock Ticker 8150.
Forward-Looking Statements
Certain statements contained in this announcement may be viewed as "forward-looking statements" within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual performance, financial condition or results of operations of the Company to be materially different from any future performance, financial condition or results of operations implied by such forward-looking statements. Further information regarding these risks, uncertainties and other factors are included in the Company's most recent Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission (the "SEC") and in the Company's other filings with the SEC.
- FINANCIAL TABLES FOLLOW BELOW -
ChipMOS TECHNOLOGIES (Bermuda) LTD. | |||||||||||||
UNAUDITED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME | |||||||||||||
For the Three Months Ended Jun. 30, Mar. 31, 2015, and Jun. 30, 2014 | |||||||||||||
Figures in Million of U.S. dollars (USD) (1) | |||||||||||||
Except for Per Share Amounts and Shares Outstanding | |||||||||||||
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3 months ended | ||||||||||||
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Jun. 30, 2015 |
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Mar. 31, 2015 |
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Jun. 30, 2014 | ||||||||
|
USD |
|
USD |
|
USD | ||||||||
Revenue |
164.2 |
|
169.0 |
|
175.3 | ||||||||
Cost of revenue |
(127.4) |
|
(129.7) |
|
(133.9) | ||||||||
Gross profit |
36.8 |
|
39.3 |
|
41.4 | ||||||||
|
|
|
|
|
| ||||||||
Other operating income |
0.8 |
|
0.8 |
|
1.3 | ||||||||
Research and development expenses |
(5.5) |
|
(5.5) |
|
(5.5) | ||||||||
Sales and marketing expenses |
(0.9) |
|
(0.8) |
|
(0.8) | ||||||||
Administrative and general expenses |
(5.9) |
|
(5.7) |
|
(6.8) | ||||||||
Other operating expenses |
(1.1) |
|
0.0 |
|
(2.4) | ||||||||
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|
|
|
|
| ||||||||
Operating profit |
24.2 |
|
28.1 |
|
27.2 | ||||||||
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|
|
|
|
| ||||||||
Non-operating income (expenses), net |
(1.9) |
|
(1.1) |
|
(4.2) | ||||||||
|
|
|
|
|
| ||||||||
Profit (loss) before tax |
22.3 |
|
27.0 |
|
23.0 | ||||||||
|
|
|
|
|
| ||||||||
Income tax benefit (expense) |
(11.7) |
|
(4.9) |
|
(8.2) | ||||||||
|
|
|
|
|
| ||||||||
Profit (loss) for the year |
10.6 |
|
22.1 |
|
14.8 | ||||||||
|
|
|
|
|
| ||||||||
Attributable to: |
|
|
|
|
| ||||||||
Equity holders of the Company |
2.4 |
|
12.2 |
|
5.5 | ||||||||
Non-controlling interests |
8.2 |
|
9.9 |
|
9.3 | ||||||||
|
10.6 |
|
22.1 |
|
14.8 | ||||||||
|
|
|
|
|
|
| |||||||
Profit (loss) for the year |
10.6 |
|
22.1 |
|
14.8 |
| |||||||
Other comprehensive income (loss) |
|
|
|
|
|
| |||||||
Exchange differences on translation of foreign operations |
0.4 |
|
(0.2) |
|
(0.4) |
| |||||||
Net actuarial losses |
- |
|
- |
|
- |
| |||||||
Income tax effect |
- |
|
- |
|
- |
| |||||||
Total other comprehensive income (loss) |
0.4 |
|
(0.2) |
|
(0.4) |
| |||||||
|
|
|
|
|
|
| |||||||
Total comprehensive income (loss) |
11.0 |
|
21.9 |
|
14.4 |
| |||||||
|
|
|
|
|
|
| |||||||
Attributable to: |
|
|
|
|
|
| |||||||
Equity holders of the Company |
2.6 |
|
12.1 |
|
5.3 |
| |||||||
Non-controlling interests |
8.4 |
|
9.8 |
|
9.1 |
| |||||||
|
11.0 |
|
21.9 |
|
14.4 |
| |||||||
|
|
|
|
|
|
| |||||||
Earnings (loss) per share attributable to the Company - basic |
0.08 |
|
0.43 |
|
0.18 |
| |||||||
Shares outstanding (in thousands) - basic |
28,512 |
|
28,549 |
|
29,801 |
| |||||||
Net income (loss) attributable to the Company -diluted |
2.4 |
|
12.2 |
|
5.5 |
| |||||||
Earnings (loss) per share attributable to the Company - diluted |
0.08 |
|
0.42 |
|
0.18 |
| |||||||
Shares outstanding (in thousands) - diluted |
29,059 |
|
29,125 |
|
30,522 |
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Note: (1) All U.S. dollar figures in this release are based on the exchange rate of NT$30.88 against US$1.00 as of Jun. 30, 2015. The convenience translation should not be construed as representations that the NT dollar amounts have been, or could be in the future be, converted into US dollars at this or any other exchange rate. |
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