Powertech Technology (PTI), which mainly provides backend services for DRAM and NAND flash memory, has reported a record NT$2.07 billion (US$67.9 million) in net profits on consolidated revenues of NT$9.84 billion for the third quarter of 2010. The sales figure was also the company's historically highest quarterly level.
The earnings translated into a net EPS of NT$2.90 for the third quarter, compared to NT$2.78 in the second quarter and NT$1.97 in third-quarter 2009.
PTI's third-quarter sales increased 5.9% sequentially, meeting its guidance of 5-7% growth. Of the third-quarter sales, non-memory MCP (multi-chip package), SiP (system-in-package) and QFN (quad-flat-pack-no lead) backend services took a combined 27% share, compared to the 22% reached in the second quarter, according to the company.
PTI revealed its sales ratio between DRAM, flash and logic IC packaging was 73:26:1 in the third quarter, compared to 73:25:2 in the second quarter and 81:19:0 in third-quarter 2009.
Gross margin for the third quarter hovered at 28% as recorded in the second quarter, in line with the company's expectations, PTI said. But the company predicted its gross margin may drop 1- to 2-pp sequentially in the fourth quarter and first-quarter 2011, resulting from the appreciation of the NT dollar and falling product ASPs.
PTI accumulated NT$27.77 billion in consolidated sales from January to September, rising 30.8% over the same period in 2009. Gross margin for the nine-month period climbed to 27.8% from the 22.5% posted a year ago. It generated net profits of NT$5.83 billion in the first three quarters of 2010, up 78.1% on year.