Issued Date: 2017/1/16
Issued By: iST
iST (TWSE:3289) today (Jan 16, 2017) announced its self- clearing financial statement of Q4 2016 on a consolidated basis.
- Revenues for Q4 2016 totaled NT$ 584 million, a decrease of 1.56% QoQ and increased 15.50% YoY.
- Gross profit in Q4 2016 was about NT$ 155 million, a slight decrease of 4.88% QoQ and an increase of 2.95% YoY; Gross profit rate of Q4 2016 is 26.48%.
- Profit after tax attributable to the parent company for Q4 was approximate NT$ 21 million, a decrease of 52.13% QoQ, and a decrease of 69.58% YoY.
- While EPS for Q4 was approximately NT$0.36, a decrease of 57.14% QoQ, and a decrease of 75.34% YoY.
- 2016 full year EPS is approximate NT$4.51.
iST indicated, despite of the less working days coincided with China national holiday and Christmas holiday, the revenues in Q4 2016 only fell 1.56% compared to Q3 and the operating cost of Q4 slightly reduced from Q3.
Besides, the revenues in Q4 2016 grew stronger compared to the same period of 2015(YoY) resulted from the brisk case-in and demands from customers.
iST further indicated, the operating profit result was a minus mainly because of the NT$ 18.6 million of employee stock purchase plan (ESPP) expense resulting from the lump-sum settlement of the seasoned equity offerings (SEO), which only recognized in Q4 2016.
iST said, with the support of the orders including reliability assurance, failure analysis and material analysis of automotive electronics inspection and advanced process received in cross-strait, iST has extended its capacity and operation scale in both Taiwan and Mainland China. Look ahead for 2017, the distribution mentioned above may affect the profit performance in the short term, but iST is optimistic for its progressively profits quarter by quarter.
iST(TWSE:3289) Q4 2016 Revenue Report on a consolidated basis.
(Unit: NT$ thousands, except EPS)
| Item | Q4 2016 |
Q4 2015 |
Increase (Decrease) % |
Q3 2016 |
Increase (Decrease) % |
|---|---|---|---|---|---|
| Operating revenue |
583,663 | 505,340 | 15.50% | 592,894 | (1.56%) |
| Operating Gross margin |
154,583 | 150,149 | 2.95% | 162,519 | (4.88%) |
| Net operating profit and loss | (10,454) | 20,281 | (151.55%) | 36,259 | (128.83%) |
| Net profit before tax |
18,475 | 48,609 | (61.99%) | 36,029 | (48.72%) |
| Net profit after tax attributable to the parent company | 20,629 | 67,807 | (69.58%) | 43,098 | (52.13%) |
| EPS (NT$) |
0.36 | 1.46 | (75.34%) | 0.84 | (57.14%) |
PS: Above figures are self- clearing statements, and has not approved by the accountant.
About Integrated Service Technology
Founded in 1994, iST began its business from IC circuit debugging and modification and gradually expanded its scope of operations, including failure analysis, reliability verification, material analysis and so on. iST has offered full-scope verification and analysis services to the IC engineering industry, its customers cover the whole spectrum of the electronics industry from IC design to end products.
In response to rising Cloud Intelligence, Internet of Things (IoT) and Internet of Vehicles (IoV), iST not only focuses on its core services but is also expanding its service offerings based on international trends, such as Automotive electronic verification platforms and signal integrity testing services.
http://www.istgroup.com