UMC Reports Second Quarter 2017 Results

Net operating revenues remained at NT$37.54 billion. COGS increased to NT$30.80 billion, as depreciation was flat. Other manufacturing costs increased 3.9% to NT$19.70 billion, partly from higher wafer shipments. Gross profit was NT$6.74 billion. Operating expenses declined 14.2% to NT$5.33 billion. Sales & Marketing declined 10.3% to NT$1.05 billion. R&D expense decreased 18.7% to NT$3.25 billion, or 8.6% of net operating revenues. Net other operating income was NT$259 million, leading to an operating income of NT$1.67 billion.

Non-Operating Income and Expenses
(Amount: NT$ million)     2Q17   1Q17   2Q16
Non-Operating Income and Expenses     448   (304 )   (650 )
Net Interest Income and Expenses (502 ) (472 ) (154 )
Net Investment Gain and Loss (44 ) 166 (504 )
Gain and Loss on Disposal of Investment 272 488 548
Exchange Gain and Loss 807 (517 ) (501 )
Other Gain and Loss     (85 )   31     (39 )

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