Advanced Semiconductor Engineering (ADR)(NYSE:ASX) announced financial results for the recently concluded January month. As per the reports, net revenues for January 2016 were NT $21,174 million as compared to NT $21529 million revenues in December 2015. If compared with the earnings reported by the company in January 2016, one can see that Advanced Semiconductor witnessed 9.3% YOY negative growth.
Insights of Matter
In dollar terms, Advanced Semiconductor reported $640 million revenues in January 2016, 13% down from the revenue reported during the same period in 2015. In December 2015, Advanced Semiconductor had reported $660 million revenues.
When it comes to ATM assembly testing and material business, Advanced Semiconductor Engineering reported net revenues of $356 million, 6.7% down from December 2015 and 12% down from January 2015. In NT dollar term, it reported NT$ 11,773 million revenues in January 2016, as compared to NT$ 12,449 in December 2015 and NT$ 12,838 in January 2015.
Before this, Advanced Semiconductor Engineering announced that it had received British Standards Institute’s GRC Award and Inclusive Green Growth Award. It’s the fourth instance in a row since 2012 when BSI Taiwan has recognized Advanced Semiconductor Engineering for its capabilities.
BSI or British Standard Institute is a business standards company that looks to develop standards and provides its world-class services to various companies, helping them to reduce risk, improve performance and achieve sustainable growth. The grand award ceremony was held on December 23, 2015, in Taipei where a host of companies came together to discuss various implications of Paris COP 21 Conference on Climate Change.
Going forward, Advanced Semiconductor will continue to indulge in several activities keeping in mind their social impact. The senior management team of the company was delighted about the awards and hoped that the financial performance would improve in the coming months. It will keep on sharing regular updates with investors about future growth from time to time.
