SPIL’s sales rise despite difficulties in industry

By Kevin Chen  /  Staff reporter

Tue, Aug 06, 2013 - Page 14

Siliconware Precision Industries Co (SPIL, 矽品精密), the world’s second-biggest chip packager and tester, yesterday said its consolidated sales for last month increased from the previous month and from last year.

The results were in line with market expectations as the company was expected to secure game-console chip and smartphone chip orders from global players as well as more copper and silver wirebonding business from Chinese clients, despite facing headwinds from inventory adjustments in the industry, analysts said.

The firm’s revenue hit NT$6.13 billion (US$204.7 million) last month, rising 2.13 percent from NT$6 billion in June and 10.63 percent higher than the NT$5.54 billion recorded in July last year, the Greater Taichung-based company said in a filing to the Taiwan Stock Exchange.

Last month’s sales were the highest since October 2009, according to the company’s financial data.

From January to last month, SPIL’s accumulated revenue totaled NT$37.55 billion, an increase of 0.93 percent from the NT$37.26 billion reported for the same period last year, the company’s data showed.

SPIL did not provide a revenue guidance for this month or this quarter.

At an investors’ conference last week, the company said it expects to benefit from solid demand for high-end IC packaging and testing services, and forecast its factory utilization rates could hit levels of between 78 percent and 94 percent this quarter, compared with a range of 80 percent to 98 percent last quarter — which analysts said would mean the company’s revenue could grow by between 4 percent and 9 percent this quarter from last quarter’s NT$17.6 billion.

The company’s shares fell 1.17 percent to NT$33.8 yesterday.