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Advanced Semiconductor December Revenue Rises - Update

Taiwan-based Advanced Semiconductor Engineering Inc. (ASX: Quote) Wednesday reported a 27.2 percent year-on-year growth in net revenues for December 2012, in the new Taiwan dollar currency terms. For the fourth quarter, sales climbed 20.7 percent.

The semiconductor packaging and testing services provider said its consolidated revenues in the month totaled NT$19.0 billion, up from NT$14.94 billion in the same month last year. Sequentially, net revenues decreased 1.9 percent from November.

In US Dollar terms, net revenues climbed 32.7 percent to $655 million, but declined 1.6 percent sequentially.

Starting February 1, 2010, Universal Scientific Industrial Co., Ltd.'s consolidated revenues were consolidated into ASE Inc.'s consolidated revenues.

Excluding USI, monthly net revenues for the ATM assembly test and material business rose to NT$10.78 billion, or $372 million, from NT$9.85 billion or $325 million last year.

For the fourth quarter, the company reported a 20.7 percent growth in net revenues to NT$56.01 billion. Net revenues increased 14.3 percent sequentially. In dollar terms, quarterly revenues climbed 25.3 percent to $1.92 billion.

Excluding USI, quarterly net revenues for the ATM assembly test and material business increased 7.8 percent to NT$34.4 billion. In dollar terms, the year-over-year growth was 11.9 percent.

ASX closed Tuesday's regular trading at $4.26 on the NYSE. In after hours trading, the shares rose 1.02 percent.

by RTT Staff Writer

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