October 12th, 2020 – Nanya Technology Corporation, (TWSE: 2408), today announced its results of operations for the third quarter, ended September 30th, 2020. Nanya’s quarterly sales revenue was NT$ 15,324 million, a 7.1 percent decrease compared to the second quarter, 2020. In the third quarter of 2020, average selling prices (ASP) and bit shipment decreased by low single digits percent respectively quarter over quarter, which strong NTD had a negative impact on revenue by 1.5 percent.
Gross profit of the quarter was NT$ 3,962 million; gross margin was 25.9 percent; a 4.7 percentage points decrease from that in the previous quarter. Operating Income of the quarter was NT$ 2,069 million; operating margin was 13.5 percent; a 6.1 percentage points decrease from that in the last quarter. Non-operating income of the quarter was NT$ 24 million. Income tax for this quarter was NT$ 481 million. The Company had net profit of NT$ 1,613 million, with net margin of 10.5 percent. Earnings per share (EPS) was NT$ 0.52 in the third quarter (based on weighted average outstanding shares of 3,073 million).
For the first three quarters of 2020, sales revenue was NT$ 46,232 million, net income attributable to Nanya Technology shareholders was NT$ 6,761 million, EPS to NT$ 2.21 (EPS is based on weighted average outstanding shares of 3,063 million). Book value per share was NT$ 49.91 (after deduction of NT$ 1.5 cash dividend) at the end of the third quarter. All numbers are unaudited.
* EBITDA = Operating income + Depreciation & Amortization Expenses
** EPS is based on weighted average outstanding shares of 3,073million
*** BVPS is calculated based on 3,073million outstanding shares
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