ASE Technology Holding Co., Ltd. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2018; Provides Effective Tax Rate Guidance for the Second Half of 2018; Provides Capital Expenditure Guidance for 2018
July 27, 2018 at 03:00 am EDT
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ASE Technology Holding Co., Ltd. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2018. For the quarter, the company reported total net revenues of TWD 84,501 million against TWD 66,026 million a year ago. Operating income was TWD 5,387 million against TWD 5,219 million a year ago. Income before tax was TWD 12,920 million against TWD 11,390 million a year ago. Income from continuing operations and before non-controlling interest was TWD 11,652 million against TWD 8,183 million a year ago. Net income attributable to shareholders of the parent was TWD 11,463 million or TWD 2.69 per diluted share and USD 0.182 per ADS share against TWD 7.847 million or TWD 1.78 per diluted share and USD 0.118 per ADS share a year ago. Net cash generated from operating activities was TWD 6,219 million against TWD 7,669 million a year ago. Net payments for property, plant and equipment were TWD 11,641 million against TWD 6,843 million a year ago. Net income for the second quarter was TWD 3.5 billion. This represents a 392% sequential improvement or TWD 2.8 billion.
For the six months, the company reported total net revenues of TWD 149,467 million against TWD 132,577 million a year ago. Operating income was TWD 9,703 million against TWD 10,444 million a year ago. Income before tax was TWD 16,696 million against TWD 15,235 million a year ago. Income from continuing operations and before non-controlling interest was TWD 14,008 million against TWD 11,142 million a year ago. Net income attributable to shareholders of the parent was TWD 13,559 million or TWD 3.16 per diluted share and USD 0.215 per ADS share against TWD 10,406 million or TWD 2.44 per diluted share and USD 0.159 per ADS share a year ago. Net cash generated from operating activities was TWD 14,951 million against TWD 23,758 million a year ago. Net payments for property, plant and equipment were TWD 17,188 million against TWD 13,725 million a year ago.
On a pro forma basis for the second half of 2018, the company expects ongoing effective tax rate to be approximately 20%.
The company expects its 2018 capital expenditures to be below total holding company level, depreciation and amortization.
ASE Technology Holding Co., Ltd. is mainly engaged in the general investment business. The Company provides customers with three types of services. Integrated Circuit (IC) services consists of packaging services, including packaging and module design, IC packaging, and multi-chip packaging; testing services, including previous testing, wafer pin testing and finished product testing, as well as materials, including substrate design and manufacturing. Electronic manufacturing service business are involved in the development and design of communication, consumer electronics, computers, storage, industrial, automotive electronics and other types of electronic products, the material procurement business, logistics, maintenance and other after-sales services. Other services include real estate development, construction, home sales property management and shopping mall rental business. The Company distributes its products to the United States, Taiwan, Europe, Asia and other regions.
ASE Technology Holding Co., Ltd. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2018; Provides Effective Tax Rate Guidance for the Second Half of 2018; Provides Capital Expenditure Guidance for 2018
ASE TECHNOLOGY HOLDING CO., LTD. 
