Oct 31 Dutch semiconductor equipment maker ASM
International NV on Friday reported
lower-than-expected third-quarter net profit but said it
expected higher sales in the fourth quarter.
Amsterdam-listed ASMI, which produces silicon chips, said
quarterly normalized net profit more than tripled to 16.3
million euros ($22.2 million) from a year earlier, as sales rose
73.2 percent to 166.4 million euros.
ASMI had a weak comparative period to beat, having reported
in 2012 a third-quarter profit decline of 94 percent to 4.9
million euros, weighed down by its chip processing and packaging
Analysts in a poll commissioned by Reuters had forecast
third-quarter net profit of 18.7 million euros on sales of 111
The company forecast a single-digit rise in fourth-quarter
sales compared to third-quarter sales, with fourth-quarter order
intake expected to be rise by low double-digits.
ASMI raised 422 million euros from the sale of a 12 percent
stake in its Hong Kong-listed unit ASM Pacific Technology
to institutional investors in March.
The sale left ASMI with a 40 percent stake in ASMPT, which
consists of the back end - the dicing and packaging of
microchips - of the business.
($1 = 0.7356 euros)
(Reporting by Sara Webb in Amsterdam and Richa Naidu in
Bangalore; Editing by Joseph Radford)