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BRIEF-Hua Hong Semiconductor Q4 profit rises 83 pct to $38.2 mln from last year
February 14, 2017 / 8:56 AM / 9 months ago

BRIEF-Hua Hong Semiconductor Q4 profit rises 83 pct to $38.2 mln from last year

Feb 14 (Reuters) - Hua Hong Semiconductor Ltd

* Q4 profit reached US$38.2 million, an increase of 28.1% over 3q 2016 and up by 83.1% compared to 4Q 2015

* Qtrly revenue reached another all-time high of US$194.0 million, up by 4.7% over 3Q 2016 and an increase of 39.2% over 4Q 2015

* Sees Q1 2017 gross margin to be around 29%

* Sees revenue to be between US$182 million and US$183 million in Q1 2017

* Fully expect 2017 will be another year of strong growth

* Expect demand will continue for virtually all segments focus on

* "We expect that our overall selling price will improve and our margin will grow over time" Source text ID: (bit.ly/2kO4lrS) Further company coverage:

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