1.Date of occurrence of the event:2016/07/27

2.Company name:Inotera Memories, Inc.

3.Relationship to the Company (please enter 'head office' or 'subsidiaries'):head office

4.Reciprocal shareholding ratios:N/A

5.Cause of occurrence:

Inotera Memories, Inc. (TWSE: 3474) today announced consolidated results for the second quarter of its fiscal year 2016, which ended on June 30th, 2016. Revenues for the second quarter were NTD 11,584 million. The operating loss registered for the quarter was NTD 545 million, representing an improvement of 40% compared to the first quarter. The net loss of NTD 1,887 million for the second quarter is equal to a loss per share of NTD 0.29, which included a net tax expense of NTD 1,288 million mainly arising from 10% surtax on undistributed earnings. All numbers are un-audited, and the loss-per-share calculation is based on weighted average outstanding shares of 6,577 million.

Although a continued decline in average selling prices in the market place for the second quarter, the company's sales revenues increased by 7% quarter-on-quarter as a result of a higher portion of 20nm output and a 15% sequential growth of bit shipments.

The company has completed its full conversion to 20nm technology in the end of second quarter 2016, and expects its sequential bit shipment growth in the third quarter to be in the single-digit percent range.

Financial Summary:

Inotera Memories Inc. published this content on 27 July 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 27 July 2016 07:04:07 UTC.

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