Additional Detail Regarding TSMC Expects Next Year to be a Record Year
30 October 2009 - 3:49PM
PR Newswire (US)
HSINCHU, Taiwan, R.O.C., Oct. 30 /PRNewswire-FirstCall/ -- At
TSMC's third quarter investors' conference on October 29, TSMC
Chairman Dr. Morris Chang commented that "For TSMC, we expect next
year to be a record year." TSMC Spokesperson and Chief Financial
Officer Ms. Lora Ho provides additional detail regarding this
statement. "Setting a record year in 2010 is TSMC's internal target
and should not be viewed as a financial forecast," said Ms. Ho.
"What Chairman Chang has referred to as TSMC's profit record was
the net profit set in 2006. However, he has also indicated
internally that this profit goal will be adjusted by employee
profit sharing expensing, which is currently 15% of net income.
Using 2006 net income of NT$127 billion, the profit record that
TSMC aims to break in 2010 will be NT$108 billion." DATASOURCE:
TSMC CONTACT: Ferda Mehmet, +1-415-308-7877, , for TSMC Web Site:
http://www.tsmc.com/
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