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ChipMOS Technologies Q1 revenue $146.8 million

Staff writer ▼ | April 8, 2016
ChipMOS Technologies reported its unaudited consolidated revenue for the month of March 2016 and for the first quarter ended March 31, 2016.
ChipMOS Technologies   A decrease of 0.6%
Revenue for the first quarter of 2016 was NT$4,724.1 million or $146.8 million, representing a decrease of 0.6% from the fourth quarter of 2015, and a decrease of 9.5% from the same period in 2015.

This is better than the high end of the Company's guidance, to be approximately down in the low single digits, as compared to the fourth quarter of 2015.

ChipMOS Technologies also expects gross margin on a consolidated basis to be above the high end of its guidance for the first quarter of 2016, which called for gross margin to be 17% to 21%.

Revenue for the month of March 2016 was NT$1,626.0 million or $50.5 million, an increase of 8.6% from the month of February 2016 and a decrease of 8.4% from the same period in 2015.

All U.S. figures are based on the exchange rate of NT$32.18 to $1.00 as of March 31, 2016.