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ChipMOS REPORTS FOURTH QUARTER AND FULL YEAR 2023 RESULTSFinancial Highlights:
HSINCHU, Feb. 22, 2024 /PRNewswire-FirstCall/ -- ChipMOS TECHNOLOGIES INC. ("ChipMOS" or the "Company") (Taiwan Stock Exchange: 8150 and NASDAQ: IMOS), an industry leading provider of outsourced semiconductor assembly and test services ("OSAT"), today reported consolidated financial results for the fourth quarter and the full year ended December 31, 2023. All U.S. dollar figures cited in this press release are based on the exchange rate of NT$30.62 against US$1.00 as of December 29, 2023. All the figures were prepared in accordance with Taiwan-International Financial Reporting Standards ("Taiwan-IFRS"). Revenue for the fourth quarter of 2023 was NT$5,725.4 million or US$187.0 million, an increase of 2.6% from NT$5,581.5 million or US$182.3 million in the third quarter of 2023 and an increase of 22.2% from NT$4,686.2 million or US$153.0 million for the same period in 2022. Revenue for the fiscal year ended December 31, 2023 was NT$21,356.2 million or US$697.5 million, a decrease of 9.2% from NT$23,517.1 million or US$768.0 million for the fiscal year ended December 31, 2022. Net non-operating expenses in the fourth quarter of 2023 was NT$137.0 million or US$4.5 million, compared to net non-operating income of NT$230.9 million or US$7.5 million in the third quarter of 2023, and net non-operating expenses of NT$130.0 million or US$4.2 million in the fourth quarter of 2022. The variance is mainly due to an increased foreign exchange loss in the fourth quarter of 2023. Net non-operating income of the Company for the fiscal year ended December 31, 2023 was NT$359.8 million or US$11.8 million, compared to NT$811.2 million or US$26.5 million for the fiscal year ended December 31, 2022. The decrease is mainly due to a reduced foreign exchange gain and share of profit of associates accounted for using equity method, which was partially offset by an increase in interest income. Net profit attributable to equity holders of the Company for the fourth quarter of 2023 was NT$482.0 million or US$15.7 million, and NT$0.66 or US$0.02 per basic common share, as compared to NT$580.6 million or US$19.0 million, and NT$0.80 or US$0.03 per basic common share in the third quarter of 2023. This compares to NT$154.9 million or US$5.1 million, and NT$0.22 or US$0.01 per basic common share in the fourth quarter of 2022. Net earnings for the fourth quarter of 2023 were US$0.43 per basic ADS, compared to US$0.52 per basic ADS for the third quarter of 2023 and US$0.14 per basic ADS in the fourth quarter of 2022. Net profit attributable to equity holders of the Company for the fiscal year ended December 31, 2023 was NT$1,893.4 million or US$61.8 million, and NT$2.60 or US$0.08 per basic common share, compared to net profit attributable to equity holders of the Company for the fiscal year ended December 31, 2022 was NT$3,372.0 million or US$110.1 million, and NT$4.64 or US$0.15 per basic common share. Net earnings for the fiscal year ended December 31, 2023 were US$1.70 per basic ADS, compared to US$3.03 per basic ADS for the fiscal year ended December 31, 2022. Net free cash flow for the fiscal year ended December 31, 2023 was NT$1,339.0 million or US$43.7 million, with a balance of cash and cash equivalents was NT$12,354.0 million or US$403.5 million. Fourth Quarter and Full Year 2023 Investor Conference Call / Webcast Details Note: A transcript will be provided on the Company's website in English following the conference call to help ensure transparency, and to facilitate a better understanding of the Company's financial results and operating environment. About ChipMOS TECHNOLOGIES INC.: Forward-Looking Statements
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