Earnings per ordinary share for the quarter was NT$0.30. Earnings per ADS was US$0.049. The basic weighted average number of outstanding shares in 2Q18 was 12,048,575,089, compared with 12,202,773,078 shares in 1Q18 and 12,208,239,978 shares in 2Q17. The diluted weighted average number of outstanding shares was 13,268,862,054 in 2Q18, compared with 13,457,161,259 shares in 1Q18 and 13,383,329,206 shares in 2Q17. The fully diluted share count on June 30, 2018 was approximately 13,644,606,000. On June 30, 2018, UMC held 600 million treasury shares acquired from the 16th, 17th and 18th share buy-back programs.
Detailed Financials Section
COGS & Expenses | |||||||||||||||||||
(Amount: NT$ million) | 2Q18 | 1Q18 |
QoQ %
change |
2Q17 |
YoY %
change |
||||||||||||||
Net Operating Revenues | 38,852 | 37,497 | 3.6 | 37,538 | 3.5 | ||||||||||||||
COGS | (32,177) | (32,855) | (2.1) | (30,799) | 4.5 | ||||||||||||||
Depreciation | (12,139) | (11,815) | 2.7 | (11,100) | 9.4 | ||||||||||||||
Other Mfg. Costs | (20,038) | (21,040) | (4.8) | (19,699) | 1.7 | ||||||||||||||
Gross Profit | 6,675 | 4,642 | 43.8 | 6,739 | (0.9) | ||||||||||||||
Gross Margin (%) | 17.2% | 12.4% | 18.0% | ||||||||||||||||
Operating Expenses | (5,213) | (4,850) | 7.5 | (5,330) | (2.2) | ||||||||||||||
G&A | (1,083) | (1,017) | 6.5 | (1,035) | 4.6 | ||||||||||||||
Sales & Marketing | (1,103) | (909) | 21.3 | (1,049) | 5.1 | ||||||||||||||
R&D | (3,027) | (2,924) | 3.5 | (3,246) | (6.7) | ||||||||||||||
Net Other Operating
Income & Expenses |
1,719 | 977 | 75.9 | 259 | 563.7 | ||||||||||||||
Operating Income | 3,181 | 769 | 313.7 | 1,668 | 90.7 | ||||||||||||||
Net operating revenues grew 3.6% to NT$38.85 billion. COGS decreased
2.1% to NT$32.18 billion, as depreciation increased 2.7% to NT$12.14
billion while other manufacturing costs decreased 4.8% to NT$20.04
billion. Gross profit was NT$6.68 billion. Operating expenses increased
7.5% to NT$5.21 billion. General and Administrative (G&A) expenses
increased 6.5% to NT$1.08 billion. Sales & Marketing expenses increased
21.3% to NT$1.10 billion and R&D expenses was up 3.5% to NT$3.03
billion, or 7.8% of net operating revenues. Net other operating income
was NT$1.72 billion, leading to an operating income of NT$3.18 billion.