Powertech Technology (PTI) has reported consolidated revenues of NT$4.45 billion (US$141.55 million) for October 2016, hitting a monthly record for the third consecutive month.

PTI's revenues for October 2016 represented increases of 12.3% on year and 1.8% sequentially. Revenues totaled NT$39.15 billion for the first 10 months of 2016, rising 13.8% from a year earlier.

PTI expects its revenues to increase by a low single-digit percentage point sequentially in the fourth quarter of 2016, which will mark the second consecutive quarter of record revenues for the packaging and testing company.

PTI posted record consolidated revenues of NT$12.76 billion for the third quarter of 2016, while gross margin climbed to 22.5% from 21.5% in the second quarter and 19.2% during the same period in 2015. The company generated net profits of NT$1.70 per share in the third quarter.

PTI's net profits for the first three quarters of 2016 reached NT$4.36 per share, up 20.4% from a year earlier, with gross margin rising 2.6pp on year to 21.2%.