Packaging and testing company Powertech Technology (PTI) has reported consolidated revenues of NT$4.61 billion (US$145 million) for November 2016, hitting a monthly record for the fourth consecutive month.

PTI's revenues for November 2016 represented increases of 10.9% on year and 3.5% sequentially. Revenues totaled NT$43.76 billion for the first 11 months of 2016, rising 13.5% from a year earlier.

PTI said previously that revenues would increase by a low single-digit percentage point sequentially in the fourth quarter of 2016, marking the second consecutive quarter of record revenues for the IC backend house.

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.

PTI provides packaging and testing services for the manufacture of DRAM and NAND flash memory chips, as well as logic ICs. PTI's capex for 2016 will reach NT$15 billion, and capex for 2017 will also stay high in order to build up its advanced packaging technology capability over the next two to three years, according to the company.