ChipMOS TECHNOLOGIES (IMOS) Reports a 4% Decrease in December Revenue
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ChipMOS TECHNOLOGIES LTD. (NASDAQ: IMOS) today reported its unaudited consolidated revenue for the month and quarter ending December 31, 2011.
Revenue for the month of December 2011 was NT$1,461.0 million or US$48.3 million, a decrease of 4.2% from the month of November 2011 and a decrease of 3.9% from the same period in 2010.
On a quarterly basis, revenue for the fourth quarter of 2011 was NT$4,608.8 million or US$152.3 million, an increase of 3.3% from the third quarter of 2011 and an increase of 6.6% from the same period in 2010. This is at the high-end of prior guidance for fourth quarter of 2011 revenue to be flat to up or down in the single digits as compared to the third quarter of 2011.
The Company expects to benefit from stable demand and utilization levels in the first quarter of 2012, with revenue for the full year 2012 increasing approximately 10% compared to the full year 2011.
All U.S. figures in this release are based on the exchange rate of NT$30.27 to US$1.00 as of December 30, 2011.
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Revenue for the month of December 2011 was NT$1,461.0 million or US$48.3 million, a decrease of 4.2% from the month of November 2011 and a decrease of 3.9% from the same period in 2010.
On a quarterly basis, revenue for the fourth quarter of 2011 was NT$4,608.8 million or US$152.3 million, an increase of 3.3% from the third quarter of 2011 and an increase of 6.6% from the same period in 2010. This is at the high-end of prior guidance for fourth quarter of 2011 revenue to be flat to up or down in the single digits as compared to the third quarter of 2011.
The Company expects to benefit from stable demand and utilization levels in the first quarter of 2012, with revenue for the full year 2012 increasing approximately 10% compared to the full year 2011.
All U.S. figures in this release are based on the exchange rate of NT$30.27 to US$1.00 as of December 30, 2011.
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