Siliconware Precision Industries (SPIL) has announced net profits of NT$2.81 million (US$87.6 million) for the second quarter of 2016, up 75.1% sequentially but down 23.6% on year.

SPIL's EPS for second-quarter 2016 came to NT$0.90, compared with NT$0.51 in the prior quarter and NT$1.18 a year ago.

SPIL generated consolidated revenues of NT$21.68 billion in the second quarter of 2016, up 12.3% on quarter and 2.1% from a year earlier. The company credited the sequential growth to rising sales generated from orders placed by its Asia-based customers for their communications products. Gross margin for the quarter climbed to 23.5% from 20.6% in the prior quarter.

Of SPIL's second-quarter revenues, wafer bumping and flip-chip packaging accounted for a combined 40% followed by substrate-based packaging with 31%, leadframe-based packaging with 17%. The testing segment made up the remaining 12%.

SPIL's revenues totaled NT$40.98 billion for the first half of 2016, down 2.5% from a year ago, while gross margin slid 4.6pp on year to 22.1%.

SPIL generated net profits of NT$4.41 billion in the first half of 2016, down 29.9% on year, with EPS reaching NT$1.42 compared with NT$2.02 during the same period in 2015.

In addition, SPIL disclosed its capex for 2016 remains unchanged at NT$16.7 billion. The majority of the expenditure will be used for the manufacture of FC packaging, bumping and testing.