Unit：Apex International Co., Ltd.
Date：09th August, 2017

Apex today announced audited income statement of second quarter 2017 with consolidated revenue of NT$2.41 billion, gross margin of 10.25%, consolidated operating profit of NT$17.51 million, after tax consolidated net profit of NT$4.15 million and earnings per share of NT$0.03.

Quarter-over-quarter, second quarter consolidated revenue increased 2.76% while consolidated operating profit decreased 68.52% and after tax consolidated net profit decreased 93.50%. Compared to second quarter 2016, second quarter results represent a 11.57% increase in consolidated revenue, a 89.31% decrease in consolidated operating profit and a 96.76% decrease in after tax consolidated net profit.

The second quarter of after tax consolidated net profit was below expectations which resulted from continually increasing raw material cost, the lower yield rate for new capacities and additional cost for exchange products. Recently, the raw material cost is higher than first quarter 2017 and Apex expects to promote cost control by continually controlling the operating cost.