C06013-2023 |
Title of Each Class | Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding | |
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COMMON (net of Treasury Shares) | 2,217,293,215 |
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Subject of the Disclosure |
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IMI Reaches 9.6% Gross Margin for the 2nd Quarter of 2023 |
Background/Description of the Disclosure |
August 4, 2023, Laguna, Philippines — Integrated Micro-Electronics, Inc. (IMI) reported US$345 million of revenues in the second quarter of 2023, 3% lower than the same period of the previous year but on par when comparing first-half results. Gross margin improved from 8.1% to 9.6%, with the company posting US$ 33.0 million of gross profit for the quarter. Q2 Net loss is at US$ 82.9 million which includes US$ 84 million of one-off losses related to the divestment of STI Enterprises Limited. Net adjusted net income for the 2nd quarter is US$ 3.5 million. |
Other Relevant Information |
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Name | Laurice Dela Cruz |
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Designation | Compliance Officer |