UMC's first half revenue reaches 50% of annual target
Taipei, Aug. 1, 2000 (CENS)--United Microelectronics Corp. posted aggregate revenue of NT$43.75 billion in the first half of the year, accounting for 50% of its annual target of NT$88 billion, the world's second largest dedicated chip foundry said Tuesday.
UMC said its net profit for the first six months amounted to NT$19.51 billion, accounting for 65% of its annual forecast of NT$30.03 billion.
Earnings per share reached NT$1.79 during the same period, making the firm's EPS projection of NT$2.67 for 2000 a tangible target, UMC said in a press release.
UMC, rival of Taiwan Semiconductor Mfg. Co., also said its gross profit stood at 44%-46% in the first quarter of the year and the ratio advanced to 48% in the second quarter.
With improved product quality at two of its new wafer foundries and a possible hike in foundry services, the company's gross profit is likely to increase to 50% in the second half of the year, it said.
Given its strong performance during the first half, UMC has the potential to generate an EPS of NT$3 to NT$4 in 2000, analysts predict. |
