TSMC Q2 Profit Down - Quick Facts

(RTTNews) - Taiwan Semiconductor Manufacturing Co Ltd. (TSM) Thursday posted a decline in its net income for the second quarter, in the absence of the year-ago non-recurring gains. Revenues, however, grew 8 percent year on year.

For the quarter, net income slid to 8.7 percent to NT$72.5 billion from last year's NT$79.4 billion. Earnings per share slipped to NT$2.80 from NT$3.06 a year ago. Excluding non-recurring gains last year, second-quarter net income and earnings per share would have both increased 17.2 percent year-over-year, the company said.

Revenues for the second quarter rose 8 percent to NT$221.8 billion from NT$205.4 billion last year. In US dollars, revenue was up 2.7 percent to $6.84 billion.