HANA Microelectronics Group. : Content Management
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Group Consolidated Result Second Quarter Ended [30th June, 2019]

Hana Microelectronics Public Company Limited
Second QUARTER ENDED 30th June, 2019

Hana Microelectronics Group 'Hana' Sales Revenue decreased 5% year on year to THB 5.2 billion for the second quarter of 2019 from THB 5.5 billion for the second quarter 2018. Sales Revenue in USD terms decreased 4% to USD 163m for Q2 2019 from USD 171m in Q2 2018. Operating Profits decreased 18% to THB 409m in Q2 2019 from THB 500m in Q2 2018.


Quarter 2 2019 sales revenue for the group decreased 4% year-on-year in USD terms to USD 163m from USD 171m in Q218. The average exchange rate for Q219 was 1% stronger at THB/USD 31.6 from THB/USD 31.9 in Q218. As a result the sales revenue in THB terms decreased 5% year on year for the quarter.

Year-on-year, in USD terms, the microelectronics divisions sales increased by 7%. Sales in Lamphun increased 10% whilst Jiaxing decreased by 22%. The IC divisions sales revenues decreased 11% in Q219, with revenues of the IC division in Ayutthaya decreasing 9% and Jiaxing decreasing by 21%. "HTI" the Microdisplay/RFID operation in Ohio sales revenue was similar in Q219 and Q218.

Quarter-on-Quarter, in USD terms, sales for the group increased 1% to USD 163m in Q219 from USD 162m in Q119. In THB equivalent the group sales were up 1% in Q219 compared to Q119. Sales in the microelectronics divisions increased 1% with Lamphun increasing 1% and Jiaxing with no change. Sales revenues from the IC divisions were 1% lower in Q219 with Ayutthaya sales decreasing 2% and Jiaxing IC sales increasing by 8%. The Microdisplay division sales increased 14% in Q219 compared to Q119.

The Gross Profit margin was 1 percentage point lower at 13% in Q219 down from Q218 at 14% due to higher
higher labour and salaries expenses 1% .

Year-on-year operating profits, were 18% lower at THB 409m in Q219 compared to THB 500m in Q218. The Operating margin was 1 percentage points lower at 8% in Q219 down from 9% in Q218 due to lower gross margin 1%. SG&A expenses were 10% higher in Q219 from Q218 due to higher employee expenses from increased employee benefits provision. Due to a change in the law, employee retirement benefits provision has increased (one time adjustment) by Bht 31.6m in Q219.