HANA’s 2Q Profit Jumps 27% to ฿682Mn due to a Higher Operating Income

Hana Microelectronics Public Company Limited (HANA) has reported its 2Q20 consolidated financial statement through the Stock Exchange of Thailand as follows;

HANA reported a net profit of 682 million baht in 2Q20 increased 27% from 536 million baht in Q219, due to higher operating profits and a 207 million baht gain incurred on our hedging positions. Sales Revenue decreased 11% year on year to 4.6 billion baht for the second quarter of 2020 from 5.2 billion baht for the second quarter 2019. Sales Revenue in USD terms decreased 12% to USD 144 million for Q2 2020 from USD 163 million in Q2 2019. Operating Profits increased 16% to 476 million baht in Q2 2020 from 409 million baht in Q2 2019.