NAND flash device controller IC vendor Phison Electronics has reported net profits of NT$701 million (US$23.28 million) or an EPS of NT$3.87 for the second quarter of 2012, decreasing 7.5% from the previous quarter.

For the first half of 2012, net profits increased 11.9% on year to NT$1.46 billion, representing an EPS of NT$8.03 for the six-month period, according to a company filing with the Taiwan Stock Exchange (TSE).