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ChipMOS Technologies Reports 2024 Financial Results with IFRS Differences

Story Highlights
  • ChipMOS Technologies reported its 2024 financial results under Taiwan and international IFRSs.
  • Differences in financial results were due to tax recognition timing and past accumulated effects.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.

ChipMOS Technologies ( (IMOS) ) has issued an announcement.

ChipMOS Technologies Inc. announced its financial results for the year ended December 31, 2024, highlighting differences between financial statements prepared under Taiwan IFRSs and international IFRSs. The company reported a consolidated net profit of NT$1,419,995 thousand under Taiwan IFRSs and NT$1,439,536 thousand under international IFRSs, with differences primarily due to tax recognition timing and accumulated effects from prior years.

Spark’s Take on IMOS Stock

According to Spark, TipRanks’ AI Analyst, IMOS is a Neutral.

ChipMOS Technologies presents a stable financial performance with strong cash flow and a healthy balance sheet. However, declining profit margins and negative price trends weigh on the stock. Attractive valuation metrics provide a buffer, but operational improvements are needed to enhance investor confidence.

To see Spark’s full report on IMOS stock, click here.

More about ChipMOS Technologies

ChipMOS Technologies Inc. operates in the semiconductor industry, focusing on providing assembly and testing services for a range of integrated circuits. The company is based in Taiwan and serves a global market, offering its services to major semiconductor manufacturers.

YTD Price Performance: -16.79%

Average Trading Volume: 27,303

Technical Sentiment Signal: Buy

Current Market Cap: $566.9M

Find detailed analytics on IMOS stock on TipRanks’ Stock Analysis page.

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