SPIL posts 39% decline in profits

TROUGH OVER?The chip tester and packager said demand is picking up after the first quarter, with supply chain inventory correction coming to an end last quarter

Taipei Times
Date: Apr 29, 2016
By: Lisa Wang / Staff reporter

Siliconware Precision Industries Co (SPIL, 矽品精密) yesterday posted a 39 percent annual decline in net profit last quarter, but expects demand to pick up significantly in the second half, driven by replacement demand for 4G smartphones.

Net profit plunged to NT$1.6 billion (US$49.57 million) in the three-month period ending March from NT$2.62 billion a year earler. The company lost NT$212 million in the fourth quarter last year due to asset impairments of NT$3.28 billion, partly stemming from its stake in printed circuit board maker Unimicron Technology Corp (欣興電子).

Gross margin shrank to the lowest level in nine quarters at 20.6 percent last quarter, from 26.2 percent in the same period last year, SPIL said in a financial statement.     [FULL  STORY]

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