United Microelectronics Corporation announced consolidated earnings results for the fourth quarter and full year ended December 31, 2013. For the quarter, the company reported net operating revenues of TWD 30,719 million compared with TWD 28,854 million for the same period a year ago. Operating income was TWD 194 million compared with operating loss of TWD 850 million for the same period a year ago. Income from continuing operations before income tax was TWD 1,083 million compared with TWD 530 million for the same period a year ago. Net income attributable to stockholders of the parent was TWD 749 million or TWD 0.06 per basic share and TWD 0.30 per ADS compared with TWD 739 million or TWD 0.06 per basic share TWD 0.30 per ADS for the same period a year ago. Cash flow from operating activities was TWD 10,806 million compared with TWD 13,140 million for the same period a year ago. Capital expenditures was TWD 7,751 million compared with TWD 10,015 million for the same period a year ago.

For the year, the company reported net operating revenues of TWD 123,812 million compared with TWD 115,675 million for the same period a year ago. Operating income was TWD 4,032 million compared with TWD 853 million for the same period a year ago. Net income attributable to stockholders of the parent was TWD 12,630 million or TWD 1.01 per basic share and TWD 0.169 per ADS compared with TWD 6,177 million or TWD 0.49 per basic share and TWD 0.082 per ADS for the same period a year ago. Capex was $1.1 million compared with $1.7 million for the same period a year ago. Net cash provided by operating activities of TWD 43,472 million.

The company expects it capex for 2014 will be approximately $1.1 billion to $1.3 billion.