|Hsinchu, Taiwan, May 8, 2017 - Vanguard International Semiconductor Corporation today announced its first quarter 2017 financial results. First quarter consolidated revenue was NT$6,263 million, net income around NT$1,150 million, and EPS about NT$0.7.
On a sequential basis, first quarter 2017 revenue decreased around 5% to NT$6,263 million, from NT$6,596 million in previous quarter. On a year-over-year comparison, revenue for the first quarter increased around 0.8%. Gross profit margin was around 32.1%. Operating profit margin was around 21.1%
For the second quarter of 2017, VIS spokesperson Mr. D.L. Tseng said, Ą§Looking forward, as unfavorable FX and customers remain cautious in wafer foundry demand, we expect revenue to be between NT$5.85 billion and NT$6.25 billion. Gross profit margin to be between 29% and 31%. Operating profit margin to be between 17% and 19%.Ą¨