United Microelectronics Corporation (
Q2 2011 Earnings Call
August 2, 2011 8:00 am ET
Richard Yu - Head of IR
Shih-Wei Sun - CEO
Chi-Tung Liu - CFO
Randy Abrams - Credit Suisse
Dan Heyler - Merrill Lynch
Robert Lee - Jefferies
Donald Lu - Goldman Sachs
Szeho Ng - BNP
Steven Pelayo - HSBC
Welcome everyone to UMC's 2011 Q2 earnings conference call. (Operator Instructions) For your information, this conference call is now being broadcasted live over the internet. A webcast replay will be available within an hour after the conference is finished. Please visit our website, www.umc.com, under the Investor Relations, Investor Events section.
I would like to introduce Mr. Richard Yu, Head of Investor Relations at UMC.
Thank you and welcome to UMC's conference call for the second quarter of 2011. With me today is the CEO of UMC, Dr. Shih-Wei Sun; and the CFO, Mr. Chi-Tung Liu.
During this conference, we may make forward-looking statements based on management's expectations and beliefs. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to differ materially, including risks that may be beyond the company's control. For these risks, please refer to UMC's filings with the SEC in the U.S. and the ROC Securities authorities.
I'd now like to introduce UMC's CFO, Mr. Chi-Tung Liu to explain UMC's Q2 2011 business results.
Thank you, Richard. For the second quarter of 2011, revenue was NT$28.15 billion, a 0.1% quarter-over-quarter increase from NT$28.12 billion in Q1 '11 and a 5.4% year-over-year decrease from NT$29.75 billion in 2Q 2010. Gross margin was 23.9%. Operating margin was 11.8%. Net income was NT$3.19 billion. And earnings per ordinary share were NT$0.26.