ChipMOS TECHNOLOGIES reported consolidated financial results for the third quarter ended September 30, 2023.
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Revenue for the third quarter of 2023 was NT$5,581.5 million or US$173.1 million, an increase of 2.5% from NT$5,444.1 million or US$168.9 million in the second quarter of 2023 and an increase of 6.2% from NT$5,254.0 million or US$163.0 million for the same period in 2022.
The Company noted that while it may see some near-term lumpiness, its long-term business trends are strong, with inventories bottoming out and healthy long-term demand dynamics, as it benefits from diversity in its product line and leadership in key areas like DDIC.
Net non-operating income in the third quarter of 2023 was NT$230.9 million or US$7.2 million, compared to NT$222.4 million or US$6.9 million in the second quarter of 2023, and NT$403.3 million or US$12.5 million in the third quarter of 2022.
The increase of net non-operating income compared to the second quarter of 2023 is mainly due to the increase of the foreign exchange gains of NT$17 million or US$0.5 million and share of profit of associates accounted for using equity method of NT$9 million or US$0.3 million, which was partially offset by a NT$17 million or US$0.5 million decrease of interest income.
The difference between the third quarter of 2022 is mainly due to a decrease of foreign exchange gains of NT$131 million or US$4.1 million and share of profit of associates accounted for using equity method of NT$79 million or US$2.5 million.
This was partially offset by the positive valuation impact of financial assets at fair value through profit or loss of NT$37 million or US$1.1 million from loss on valuation of financial assets at fair value through profit or loss of NT$33 million or US$1.0 million in the third quarter of 2022 to gain on valuation of financial assets at fair value through profit or loss of NT$4 million or US$0.1 million in the third quarter of 2023.
Net profit attributable to equity holders of the Company for the third quarter of 2023 was NT$580.6 million or US$18.0 million, and NT$0.80 or US$0.02 per basic common share, as compared to NT$628.5 million or US$19.5 million, and NT$0.86 or US$0.03 per basic common share in the second quarter of 2023.
This compares to NT$671.8 million or US$20.8 million, and NT$0.92 or US$0.03 per basic common share in the third quarter of 2022. ■