HANA Microelectronics Group. : Content Management
Press Releases

Group Consolidated Result Third Quarter Ended [30th September, 2018]

Hana Microelectronics Public Company Limited
GROUP CONSOLIDATED RESULT
Third QUARTER ENDED 30th September, 2018

Hana Microelectronics Group 'Hana' Sales Revenue increased 5% year on year at THB 6.0 billion for the third quarter of 2018 from THB 5.7 billion for the third quarter 2017. Sales Revenue in USD terms increased 6% to USD 182m for Q3 2018 from USD 172m in Q3 2017. Operating Profits increased 32% to THB 835m in Q3 2018 from THB 632m in Q3 2017.



HIGHLIGHTS

Quarter 3 2018 sales revenue for the group increased 6% year-on-year in USD terms to USD 182m from USD 172m in Q317. The average exchange rate for Q318 was 1% stronger at THB/USD 33.0 from THB/USD 33.4 in Q317. As a result the sales revenue in THB terms increased 5% year on year for the quarter.

Year-on-year, in USD terms, the microelectronics divisions sales increased by 12%. Sales in Lamphun increased 15% whilst Jiaxing increased by 6%. The IC divisions sales revenues decreased 1% in Q318, with revenues of the IC division in Ayutthaya being similar and Jiaxing decreasing by 6%. "HMT" the Microdisplay/RFID operation in Ohio sales revenue increased 13%.

Quarter-on-Quarter, in USD terms, sales for the group increased 7% to USD 182m in Q318 from USD 171m in Q218. In THB equivalent the group sales were up 10% in Q318 compared to Q218 due to the average THB/USD exchange rate being 3% weaker at 33.0 in Q318 from 31.9 in Q218. Sales in the microelectronics divisions increased 3% with Lamphun increasing 7% and Jiaxing decreasing 4%. Sales revenues from the IC divisions were 11% higher in Q318 with Ayutthaya sales increasing 11% and Jiaxing IC sales increasing by 13%. The Microdisplay division sales increased 9% in Q318 compared to Q218.

The Gross Profit margin was 3 percentage points higher at 18% in Q318 up from Q317 at 15% due to change in product mix amongst customers in the divisions.

Year-on-year operating profits, excluding R&D expenses, were 32% higher at THB 835m in Q318 compared to THB 632m in Q317. The Operating margin was 3 percentage points higher at 14% in Q318 up from 11% in Q317. SG&A expenses were 8% higher in Q318 from Q317 due to higher expenses office depreciation and salaries. R&D expenses were THB 18m in Q318. SG&A expenses in Q318 were 3% higher than in Q218.