GlobalWafers' net profit drops on logistics costs

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www.taipeitimes.com, Aug. 05, 2020 – 

GlobalWafers Co (環球晶圓), the world's third-largest silicon wafer supplier, yesterday said that net profit last quarter contracted 4 percent annually due to significant increases in logistics expenses, as many countries imposed transportation restrictions amid the COVID-19 pandemic.

Net profit fell to NT$3.4 billion (US$115.1 million), from NT$3.54 billion during the same period last year. On a quarterly basis, net profit rose 18 percent from NT$2.88 billion.

Earnings per share dropped to NT$7.81 last quarter from NT$8.16 a year earlier, but grew from NT$6.62 the previous quarter.

Gross margin fell to 38.6 percent from 40.1 percent a year earlier, but improved from 36.5 percent a quarter earlier.

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