|Hsinchu, Taiwan, May 4, 2016 - Vanguard International Semiconductor Corporation today announced its first quarter 2016 financial results. First quarter consolidated revenue was NT$6,215 million, net income around NT$1,353 million, and EPS about NT$0.82.
On a sequential basis, first quarter 2016 revenue increased around 13.4% to NT$6,215 million, from NT$5,482 million in previous quarter. On a year-over-year comparison, revenue for the first quarter decreased around 2.9%. Gross profit margin was around 35.2%. Operating profit margin was around 25.6%
For the second quarter of 2016, VIS spokesperson Mr. D.L. Tseng said, Ą§Due to increase of wafer demand from customers, we expect revenue to be between NT$6.2 billion and NT$6.5 billion. Gross profit margin to be between 33.5% and 35.5%. Operating profit margin to be between 23.5% and 25.5%.Ą¨