SPIL posts best profit in 22 quarters

BEFORE THE FALL:Despite its bumper Q2, the firm expects rocky times ahead, with the Greek debt crisis, China’s stock market rout and the strong US dollar softening demand

Taipei Times
Date: Jul 30, 2015
By: Lauly Li  /  Staff reporter

Siliconware Precision Industrial Co (SPIL, 矽品精密), the world’s No. 2 chip packager, yesterday said net profit for last quarter was its highest quarterly showing in five-and-a-half years, but it expected revenue to decline 12.42 percent sequentially this quarter due to weak demand amid a longer-than-expected inventory correction.

Revenue is expected to drop to between NT$18.6 billion (US$590.05 million) and NT$19.8 billion this quarter from last quarter’s NT$21.24 billion, chairman Bough Lin (林文伯) told an investors’ teleconference.

“Inventory digestion is very slow, mainly due to weaker-than-expected smartphone demand in emerging markets, therefore most of our clients are very cautious about placing new orders,” Lin said.     [FULL  STORY]

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