Group Consolidated Result Third Quarter Ended [30th September, 2016]
Hana Microelectronics Public Company Limited
GROUP CONSOLIDATED RESULT
THIRD QUARTER ENDED 30th September, 2016
Hana Microelectronics Group 'Hana' Sales Revenue was similar year on year at THB 5.3 billion for the third quarter of
2016. Sales Revenue in USD terms increased by 1% to USD 152m from USD 150m in Q3 2015. Operating Profits
decreased 18% to THB 534m in Q3 2016 from THB 649m in Q3 2015 but sequentially up 43% over Q216.
Quarter 3 2016 sales revenue for the group increased 1% year-on-year in USD terms, from USD 150m in Q315 to
USD 152m in Q316. The average exchange rate for Q316 was 1% stronger at THB/USD 34.8 from THB/USD
35.3 in Q315. As a result the sales revenue in THB terms was similar year on year.
Year-on-year, the microelectronics divisions sales decreased by 9% in USD terms. Sales in Lamphun decreased
12% whilst JiaXing decreased by 3%. The IC divisions USD sales revenues increased 8% in Q316, with revenues
of the IC divisions in Ayutthaya increasing by 13% and JiaXing decreasing by 15%. "HMT" the microdisplay/RFID
operation in Ohio sales revenue increased 311%.
Quarter-on-Quarter Group sales increased by 13% from USD 135m in Q216 to USD 152m in Q316. Sales in the
microelectronics division increased 10% with Lamphun increasing 10% and JiaXing increasing 13%. Sales revenues
from the IC divisions were 14% higher in Q316 with Ayutthaya sales increasing by 14% and JiaXing IC sales
increasing by 9%. The microdisplay division sales increased 133% in Q316 compared to Q216. In THB
equivalent the group sales were up 11% in Q316 compared to Q216. The average THB/USD exchange rate was 1%
stronger at 34.8 in Q316 from 35.3 in Q216.
The Gross Profit margin was 14% in Q316 down from Q315 at 17% due to a stronger exchange rate (1%),
change in product mix and lower selling prices leading to a higher percentage of material costs (2%).
Year-on-year operating profits were 18% lower at THB 534m in Q316 compared to THB 649m in Q315. The
Operating margin was 10% in Q316 down 2% from 12% in Q315 due to lower gross margin (3%) and lower SGA
expenses 1%. SG&A expenses were 7% lower in Q316 than in Q315. SG&A expenses in Q316 were 8% higher