ASE Technology earnings soar in Q2 due to merger

Focus Taiwan
Date: 2018/07/28
By: Chung Jung-feng and Frances Huang 

Taipei, July 28 (CNA) Taiwan-based ASE Technology Holding Co., the world’s largest integrated circuit packaging and testing services provider, saw second quarter net profit soar more than 400 percent from a quarter earlier after the merger creating the new company was finalized in April.

At an investor conference held Friday, ASE Technology reported an increase in net profit for the April-June period of 447 percent from a quarter earlier and of 46 percent from a year earlier to NT$11.46 billion (US$373 million).

It posted second quarter earnings per share of NT$2.7, compared with NT$0.49 in the first quarter and NT$1.93 in the same quarter last year.

The comparisons of the new holding company’s second quarter sales and earnings were based on the consolidated sales and earnings figures for previous periods reported by Advanced Semiconductor Engineering (ASE), one of the two companies involved in the merger.    [FULL  STORY]