|Hsinchu, Taiwan, February 9, 2015 - Vanguard International Semiconductor Corporation today announced its fourth quarter financial results. Fourth quarter consolidated revenue was NT$6,418 million, net income around NT$1,448 million, and EPS of NT$0.88. Accumulated consolidated revenue for the year of 2014 totaled NT$23.931 billion, with after tax net income of NT$5.438 billion, and EPS of NT$3.30.
On a sequential basis, fourth quarter revenue increased 4% to NT$6,418 million, from NT$6,185 million in previous quarter. On a year-over-year comparison, revenue for the fourth quarter increased around 19%. Wafer shipment for the fourth quarter reached 488 thousand wafers, representing around 2% increase from 479 thousand wafers from the previous quarter. Gross profit margin was around 35%.
For the first quarter of 2015, VIS spokesperson Mr. D.L. Tseng said, ˇ§As customers become conservative in wafer foundry demand, we expect wafer shipment to decrease by 1% to 3% QoQ. Fab utilization rate to be between 97% to 99%. Gross profit margin to be between 33% to 35%. The blended ASP to decrease by 1% to 3% QoQ.ˇ¨