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ASE reports Q1 sales of NT$43.101 billion

Advanced Semiconductor Engineering (ASE) yesterday reported first-quarter consolidated sales of NT$43.101 billion, a decline of 7 percent on a quarter-on-quarter basis.

For the first quarter, the firm had earnings per share of NT$0.31, a decline of NT$0.09 from the NT$0.4 for Q4 last year and NT$0.27 from Q1 2011.

Sales from the firm's packaging operations totaled NT$23.542 billion in the first quarter, with gross profit margin dropping from 18.6 percent to 17.1 percent quarter-on-quarter. Testing operations had sales of NT$5.077 billion, with gross profit margin reduced from 33.7 percent to 29.5 percent.

By type of semiconductor devices, communications chips accounted for 51 percent of the total tested and packaged by ASE, followed by 37 percent for telematics and consumer electronics and 11 percent for personal computers. By area, 58 percent of business came from North America, followed by 11 percent from Europe, 19 percent from Taiwan, 5 percent from Japan and 7 percent from other Asian markets.

The figures were released during the firm's quarterly investors' meeting yesterday, presided over by Chief Finance Officer Tung Hung-si.

According to Tung, shipments for the second quarter will increase by 12 percent from the first quarter. At an exchange rate of NT$29.4, the second-quarter gross profit margin for the firm's IC testing and packaging operations should be between 21.3 percent and 22.5 percent, exceeding last year's fourth quarter.

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