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Advanced Semiconductor Engineering, Inc. Reports Unaudited Consolidated Financial Results for the Third Quarter of 2009.

Article Excerpt
TAIPEI, Taiwan, Oct. 30 /PRNewswire-Asia-FirstCall/ -- Advanced Semiconductor Engineering, Inc. (TAIEX: 2311; NYSE: ASX) ("We", "ASE", or the "Company"), the world's largest independent provider of IC packaging and testing services, today reported unaudited net revenues (Note 1) of NT$25,205 million for the third quarter of 2009 (3Q09), down 2% year-over-year and up 21% sequentially. Net income for the quarter totaled NT$3,187 million, up from NT$2,212 million in 3Q08 and up from NT$1,674 million in 2Q09. Diluted earnings per share for the quarter was NT$0.61 (or US$0.093 per ADS), compared to diluted earnings per share of NT$0.41 for 3Q08 and NT$0.32 for 2Q09. For the first three quarters of 2009, diluted earnings per share was NT$0.63 (or US$0.095 per ADS).



Note 1: All financial information presented in this press release is unaudited, consolidated and prepared in accordance with accounting principles generally accepted in the Republic of China, or ROC GAAP. Such financial information is generated internally by us, and has not been subjected to the same review and scrutiny, including internal auditing procedures and audit by our independent auditors, to which we subject our audited consolidated financial statements, and may vary materially from the audited consolidated financial information for the same period. Any evaluation of the financial information presented in this press release should also take into account our published audited consolidated financial statements and the notes to those statements. In addition, the financial information presented is not necessarily indicative of our results for any future period. RESULTS OF OPERATIONS 3Q09 Results Highlights * Net revenue contribution from IC packaging operations (including module assembly), testing operations, and substrates sold to third parties was NT$20,005 million, NT$4,588 million and NT$612 million, respectively, and each represented approximately 79%, 18% and 3%, respectively, of total net revenues for the quarter. * Cost of revenues was NT$18,848 million, down 3% year-over-year and up 15% sequentially. - Raw material cost totaled NT$7,442 million during the quarter, representing 30% of total net revenue, compared with NT$6,168 million and 30% of net revenue in the previous quarter. - Labor cost totaled NT$3,590 million during the quarter, representing 14% of total net revenue, compared with NT$3,028 million and 15% of net revenue in the previous quarter. - Depreciation,...