Fri, Nov 01, 2013 - Page 14 News List

SPIL’s Q3 profits increase 25.5%

CONSUMER DEMAND:Chairman Bough Lin said growing global shipments of mobile devices will likely boost demand for chip packaging and testing services next year

By Helen Ku  /  Staff reporter

Based on Lin's utilization rate projections for this quarter, Yuanta Securities Corp (元大證券) analyst Andrew Chen (陳治宇) yesterday said in a client note that revenue for this quarter is likely to fall by 10 percent sequentially, but gross margin could hold up at around 22 percent given the company's good product mix.

Chen forecast the company to post EPS of NT$0.6 this quarter, according to the note.

The company’s capital expenditure will be between NT$16 billion and NT$17 billion for the whole year of this year, Lin said.

SPIL’s shares closed down 2.59 percent yesterday at NT$35.7, outperforming the benchmark TAIEX, which fell 0.18 percent.

Additional reporting by Kevin Chen

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