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Taipei Times
Date: Jan 29, 2018
By: Lisa Wang  /  Staff reporter

Siliconware Precision Industries Co Ltd (SPIL, 矽品精密), the world’s third-largest chip packager and tester, on Friday reported a 47 percent annual decline in net profit for last quarter, eroded by a spike in financial liabilities.

Net profit plummeted to NT$1.49 billion (US$51.2 million) in the final quarter of last year, from NT$2.83 billion a year earlier.

On a quarterly basis, net profit dipped 34 percent from NT$2.26 billion.

Earnings per share were NT$0.48 in the quarter, the company said in a statement.

The poor performance was due to declining revenue last quarter amid falling prices, a strong New Taiwan dollar and a weaker product mix, SPIL said, adding that a loss of NT$463 million in the fair-value adjustment of its convertible bonds also squeezed its profits.    [FULL  STORY]