Earnings per ordinary share for the quarter was NT$0.02. Earnings per ADS were US$0.003. The basic weighted average number of outstanding shares in 1Q16 was 12,408,239,978, compared with 12,407,897,412 shares in 4Q15 and 12,526,260,458 shares in 1Q15. The diluted weighted average number of outstanding shares was 12,492,270,589 in 1Q16, compared with 13,601,975,910 shares in 4Q15 and 12,660,046,525 shares in 1Q15. The fully diluted share count on March 31, 2016 was approximately 13,858,726,000. On March 31, 2016, UMC held 334 million treasury shares acquired from the 15th and 16th share buy-back programs.
Detailed Financials Section
Consolidated revenues increased 1.6% in 1Q16 to NT$34.40 billion, reflecting early year seasonality. Cost of goods sold increased 9.3% to NT$29.37 billion due to a 7.5% increase in depreciation and a 10.3% increase in other manufacturing costs including costs associated with the February 6, 2016 earthquake. 1Q16 gross profit decreased 27.9% sequentially to NT$5.03 billion, due to the increase in cost of goods sold. Operating expenses remained at NT$5.07 billion. R&D expenses represented 9.0% of operating revenues. Operating loss was NT$16 million for the quarter.
| COGS & Expenses | ||||||||||
| (Amount: NT$ million) | 1Q16 | 4Q15 |
QoQ %
change |
1Q15 |
YoY %
change |
|||||
| Net Operating Revenues | 34,404 | 33,849 | 1.6 | 37,650 | (8.6) | |||||
| COGS | (29,370) | (26,870) | 9.3 | (28,495) | 3.1 | |||||
| Depreciation | (10,424) | (9,700) | 7.5 | (9,115) | 14.4 | |||||
| Other Mfg. Costs | (18,946) | (17,170) | 10.3 | (19,380) | (2.2) | |||||
| Gross Profit | 5,034 | 6,979 | (27.9) | 9,155 | (45.0) | |||||
| Gross Margin (%) | 14.6% | 20.6% | 24.3% | |||||||
| Operating Expenses | (5,065) | (5,065) | 0.0 | (4,914) | 3.1 | |||||
| G&A | (970) | (916) | 5.9 | (953) | 1.8 | |||||
| Sales & Marketing | (1,010) | (1,044) | (3.3) | (1,045) | (3.3) | |||||
| R&D | (3,085) | (3,105) | (0.6) | (2,916) | 5.8 | |||||
|
Net Other Operating
Income & Expenses |
15 | (34) | - | (142) | - | |||||
| Operating Income (Loss) | (16) |
1,880 |
- |
4,099 |
- | |||||
