TAIPEI – ASE Technology Holding reported fourth quarter net revenues of NT$116 billion (US$3.9 billion), up 2% year-over-year and down 1% sequentially.

On an EMS basis, the five largest customers together accounted for approximately 80% of total net revenues in the fourth quarter, compared to 82% in the third quarter. One customer accounted for more than 10% of total net revenues in the fourth quarter. The top 10 customers contributed 90% of total net revenues during both quarters.

Net income for the fourth quarter totaled NT$6.38 billion, up 17.2% year-over-year and 11.3% sequentially.

For 2019, ASE reported net revenues of NT$413.18 billion, up 11% compared to 2018. EMS accounted for 40% the company’s overall revenue.

Net income for the year was NT$16.9 billion, a decrease of 33.3% year-over-year.

Ed.: NT$1 = US$0.03