ChipMOS Posts Higher Q4 Profit - Quick Facts

(RTTNews) - ChipMOS TECHNOLOGIES (IMOS), a provider of semiconductor testing and assembly services, said its fourth-quarter 2013 net income grew to NT$170.8 million or $5.7 million, and NT$5.63 or $0.19 per share, from last year's NT$133.4 million or $4.5 million, and NT$4.60 or $0.15 per share. According to the company, the recent quarter's net profit was adversely impacted by the firm's reduced ownership of ChipMOS Taiwan from 83.5% in early third quarter to 62.1% in the fourth quarter.

For the quarter, net revenue edged up by 0.5% to NT$4.89 billion or $163.9 million, from NT$4.87 billion or $163.2 million in the 2012 period.

Led by expected healthy demand from the LCD driver and memory market for both mobile applications and UHD TVs, the firm sees first-quarter 2014 revenue to be flat to up in the low single digits as compared to the fourth quarter of 2013.