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BRIEF-X Fab Silicon Foundries Q2 net profit up 87 pct at $24.1 million
August 21, 2017 / 8:51 AM / a month ago

BRIEF-X Fab Silicon Foundries Q2 net profit up 87 pct at $24.1 million

Aug 21 (Reuters) - X FAB SILICON FOUNDRIES EV:

* Q2 SALES OF USD 139.3 MILLION, AN INCREASE OF 18%

* Q2 OPERATING INCOME WAS USD 9.2 MILLION, A DECREASE OF 24% COMPARED TO THE SAME QUARTER OF LAST YEAR

* Q2 NET PROFIT OF USD 24.1 MILLION WAS 87% HIGHER COMPARED TO THE SAME QUARTER LAST YEAR

* FOR THE THIRD QUARTER, X-FAB EXPECTS USD 138-143 MILLION IN REVENUE, WITH AN EBITDA AT ABOUT 19%

* EXPECTS THE EBITDA MARGIN OF THE FOURTH QUARTER TO COME IN AT AROUND 20%

Source text: bit.ly/2wnZWD3

Further company coverage: (Gdynia Newsroom)

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