Advanced Semiconductor Engineering Q4 Profit Increases - Quick Facts

(RTTNews) - Advanced Semiconductor Engineering, Inc. (ASX) said that its fourth-quarter net income attributable to shareholders of the parent increased to NT$5.815 billion, from last year's NT$4.373 billion. Earnings per share for the quarter were NT$0.73 or $0.124 per ADS, compared to earnings per share of NT$0.58 in the prior year quarter.

Net revenues for the quarter grew 15% year-over-year to NT$64.164 billion.

"As we move further into 2014, we are strategically integrating synergies between our well established OSAT and EMS business units. Such close collaboration will ensure that our Company is in a solid position to capture the opportunities we see ahead, particularly related to delivering advanced packaging and SiP solutions to meet growth momentum across a broad range of end markets," said Jason Chang, Chairman and CEO.

Looking ahead for the first quarter of 2014, the company projects its IC-ATM revenues should decline 12% to 15% and its EMS revenues to show a seasonal decline of approximately 30%. Consolidated gross profit margin is expected to be between 17% and 18%;

The company expects capital expenditure for full year 2014 should be around US$700 million, subject to adjustments in line with market condition.

The company said that the outlook is based on its current business outlook and exchange rate assumption.