Wed, Jul 29, 2009 - Page 11 News List

Unimicron swings to aftertax profit of more than NT$1bn

By Kevin Chen  /  STAFF REPORTER

Unimicron Technology Corp (欣興電子), a Taoyuan-based printed circuit board (PCB) maker, swung to an aftertax profit of NT$1.05 billion (US$32 million), or NT$0.96 in earnings per share, in the second quarter on rising demand, the company told investors yesterday.

Unimicron posted a loss of NT$15 million in the first quarter and NT$631 million profit a year earlier, company data showed.

Revenue in the second quarter reached NT$10.57 billion, up from NT$5.26 billion in the first quarter but down from NT$9.54 billion for the same period last year, the firm said in a statement.

Unimicron’s factory utilization reached nearly 90 percent in the second quarter because of strong demand in both integrated circuit carriers and PCB applications for various consumer electronics.

But the company remained cautious about its business outlook for this quarter as industry visibility is pretty low and demand for boards used in mobile phones and Internet communications remain weak, despite strong demand in high density interconnect PCBs.

“We expect only a lukewarm outlook for the third quarter ... and are conservative about the fourth-quarter prospects,” local cable TV station USTV quoted company spokesman Shen Tsai-shen (沈再生) as saying yesterday.

As for the expected synergy of its acquisition of local rival Phoenix Precision Technology Corp (全懋精密) announced in March, Shen said the company expected to complete the integration in December and had seen positive developments in joint material procurement recently.

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