SPIL reports large profits, NT$6 bil. Sept. revenues
By Ted Chen, The China PostTAIPEI, Taiwan -- Integrated circuit (IC) packaging and testing company SPIL (矽品) yesterday reported stellar profits, recording NT$6.451 billion in revenues for September, up 14 percent year-on-year.
October 8, 2013, 12:08 am TWN
Propelled by a surge in demand for mobile telecommunications devices, the company produced revenues in the third quarter of NT$19.092 billion, up 8.5 percent quarter-to-quarter. As of September, the company has accumulated revenues of NT$50.512 billion, up 4.1 percent from figures reported in the same period last year.
Despite a slight 0.9 percent month-on-month revenues decline in September, the company's monthly sales have for the fourth consecutive month stayed above the NT$6 billion mark. SPIL's stellar September results represent the third highest in the company's records, slightly below its all-time record high in August this year, and the second highest result set in October of 2007.
According to institutional investors, the company is making headway in its offerings of wire bonding, bumping and flip chip IC packaging and testing services. In addition, SPIL in September landed large contracts from major video game console and network communication equipment makers.
However, amid a pervasive slump in PC-related IC packaging and testing services, the company's prospects may be hindered, with institutional investors expecting growth in the third quarter to recede back to below 10 percent, despite strong growth in the mobile telecommunication niche.
Shares of SPIL yesterday closed at NT$36.2, gaining NT$0.30, or 0.84 percent, at the end of yesterday's trading.