Earnings per ordinary share for the quarter was NT$0.15. Earnings per ADS was US$0.024. The basic weighted average number of outstanding shares in 2Q19 was 11,817,657,562, compared with 11,908,706,645 shares in 1Q19 and 12,048,575,089 shares in 2Q18. The diluted weighted average number of outstanding shares was 13,079,662,179 in 2Q19, compared with 13,238,181,278 shares in 1Q19 and 13,268,862,054 shares in 2Q18. The fully diluted share count on June 30, 2019 was approximately 12,986,324,000. During 2Q19, UMC retired 400 million treasury shares acquired from the 17th and 20th share buy-back programs.
Detailed Financials Section
COGS & Expenses |
|||||
(Amount: NT$ million) |
2Q19 |
1Q19 |
QoQ %
|
2Q18 |
YoY %
|
Operating Revenues |
36,031 |
32,583 |
10.6 |
38,852 |
(7.3) |
COGS |
(30,379) |
(30,321) |
0.2 |
(32,177) |
(5.6) |
Depreciation |
(11,424) |
(10,497) |
8.8 |
(12,139) |
(5.9) |
Other Mfg. Costs |
(18,955) |
(19,824) |
(4.4) |
(20,038) |
(5.4) |
Gross Profit |
5,652 |
2,262 |
149.9 |
6,675 |
(15.3) |
Gross Margin (%) |
15.7% |
6.9% |
|
17.2% |
|
Operating Expenses |
(5,578) |
(4,932) |
13.1 |
(5,213) |
7.0 |
G&A |
(1,251) |
(1,236) |
1.1 |
(1,083) |
15.5 |
Sales & Marketing |
(953) |
(889) |
7.2 |
(1,103) |
(13.6) |
R&D |
(2,787) |
(2,807) |
(0.7) |
(3,027) |
(7.9) |
Expected Credit Losses |
(587) |
- |
100.0 |
- |
100.0 |
Net Other Operating Income & Expenses |
1,687 |
1,073 |
57.2 |
1,719 |
(1.9) |
Operating Income (Loss) |
1,761 |
(1,597) |
- |
3,181 |
(44.6) |
Operating revenues grew 10.6% to NT$36.03 billion. COGS remained relatively unchanged at NT$30.38 billion, as depreciation increased 8.8% to NT$11.42 billion while other manufacturing costs declined 4.4% to NT$18.96 billion. Gross profit was NT$5.65 billion. Operating expenses rose 13.1% to NT$5.58 billion, which included a 7.2% increase in Sales & Marketing to NT$953 million and a NT$587 million in Expected Credit Losses. R&D expense accounted for 7.7% of 2Q19 operating revenues and net other operating income was NT$1.69 billion. In 2Q19, the company realized an operating income of NT$1.76 billion.
Non-Operating Income and Expenses |
|||
(Amount: NT$ million) |
2Q19 |
1Q19 |
2Q18 |
| Non-Operating Income and Expenses |
(617) |
1,247 |
(1,095) |
| Net Interest Income and Expenses |
(497) |
(473) |
(505) |
| Net Investment Gain and Loss |
69 |
1,228 |
105 |
| Exchange Gain and Loss |
(182) |
507 |
(720) |
| Other Gain and Loss |
(7) |
(15) |
25 |
