‘GENERAL STRENGTH’: The company is making progress in its SiP business to expand its customer base and take on new projects, ASE chief financial officer Joseph Tung said
Taipei Times
Date: Jul 30, 2018
By: Lisa Wang / Staff reporter
ASE Technology Holding Co (ASE, 日月光投股), the world’s biggest chip tester and packager, on Friday said profit skyrocketed last quarter from the previous quarter following the acquisition of rival Siliconware Precision Industries Co Ltd (矽品精密) in April.
Net profit surged 5.46 times to NT$11.46 billion (US$375 million) from NT$2.1 billion in the first quarter and grew 45.99 percent from NT$7.85 billion a year earlier. Earnings per share jumped to NT$2.7 from NT$0.49 the previous quarter and NT$1.93 a year earlier.
“We think the merger has been working smoothly so far,” ASE chief financial officer Joseph Tung (董宏思) told an investors’ conference.
With strong second-quarter earnings, Tung said the company expects the growth momentum would continue into the third and fourth quarters. [FULL STORY]