HANA Microelectronics Group. : Content Management
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Group Consolidated Result Forth Quarter Ended [31th December, 2017]

Hana Microelectronics Public Company Limited
Fourth QUARTER ENDED 31st December, 2017

Hana Microelectronics Group 'Hana' Sales Revenue decreased 7% year on year at THB 5.3 billion for the fourth quarter of 2017 from THB 5.7 billion for the fourth quarter 2016. Sales Revenue in USD terms was similar at USD 162m for Q4 2017 and Q4 2016. Operating Profits decreased 28% to THB 531m in Q4 2017 from THB 734m in Q4 2016.


Quarter 4 2017 sales revenue for the group was similar year-on-year in USD terms, at USD 162m in Q416 and in Q417. The average exchange rate for Q417 was 7% stronger at THB/USD 32.9 from THB/USD 35.4 in Q416. As a result the sales revenue in THB terms decreased 7% year on year for the quarter.

Year-on-year, in USD terms, the microelectronics divisions sales decreased by 1%. Sales in Lamphun decreased 3% whilst Jiaxing increased by 5%. The IC divisions sales revenues increased 5% in Q417, with revenues of the IC division in Ayutthaya increasing by 3% and Jiaxing increasing by 16%. "HMT" the Microdisplay/RFID operation in Ohio sales revenue decreased 13%.

Quarter-on-Quarter, in USD terms, sales for the group decreased 6% from USD 172m in Q317 to USD 162m in Q417. In THB equivalent the group sales were down 7% in Q417 compared to Q317 due to the average THB/USD exchange rate being 1% stronger at 32.9 in Q417 from 33.4 in Q317. Sales in the microelectronics division increased 3% with Lamphun increasing 1% and Jiaxing increasing 7%. Sales revenues from the IC divisions were 18% lower in Q417 with Ayutthaya sales decreasing 19% and Jiaxing IC sales decreasing by 14%. The Microdisplay division sales increased 12% in Q417 compared to Q317.

The Gross Profit margin was 14% in Q417 down from Q416 at 17% due to stronger THB/USD exchange rate. Year-on-year operating profits were 28% lower at THB 531m in Q417 compared to THB 734m in Q416. The Operating margin was 10% in Q417 down 3 percentage points from 13% in Q416 due to the lower gross margin and higher SGA expenses. SG&A expenses were 17% higher in Q417 to Q416 due to higher bonus, retirement provision and salaries SG&A expenses in Q417 were 16% higher than Q317.