|Hsinchu, Taiwan, May 10, 2004 - Vanguard International Semiconductor Corporation (VIS) today announced that net sales for April 2004 was NT$ 1,330 million, up 2.1% over March 2004. Comparing to April 2003, net sales increased 53% on a year-over-year basis. The cumulative revenue from January through April was NT$ 5,062 million, representing a 62.6% growth over the same period of 2003.
According to the company's financial forecast for 2004, net sales will reach NT$ 15.58 billion, and the income before tax will be NT$ 4.08 billion. Earnings per share of 2004 were NT$ 2.18 after the capital reduction. The net worth per share will increase from NT$ 5.18 to NT$ 12.14.
VIS will host its annual shareholders meeting on June 15. The capital reduction will be discussed during the meeting.