Business

TSMC Reports 95% Increase In Annual Profit

Taiwan Semiconductor Manufacturing Company, Ltd announced revenue and net income for the quarter ended December 31, 2004. Fourth quarter revenue reached NT$63.87 billion, while net income and fully diluted earnings per share came to NT$22.18 billion and NT$0.96 per share (US$0.15 per ADS unit), respectively.

For the full year of 2004, TSMC's revenue set a new record, NT$255.99 billion, 26.8% higher than in year 2003. Net income for the entire year grew 95.3% to NT$92.32 billion, also a new record for the company.

On a sequential basis, fourth quarter results represent an 8.4% decline in revenue, a 20.6% decrease in net income and a 20.5% decrease in fully diluted EPS. Year-over-year, fourth quarter revenue, net income, and fully diluted EPS increased 11%, 39%, and 40%, respectively.

All figures were prepared in accordance with Taiwan's GAAP provisions on an unconsolidated basis.

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