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Advanced Semiconductor Engineering March Revenue Falls - Update

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Advanced Semiconductor Engineering, Inc. (ASX: Quote), or ASE, on Monday reported a fall in revenue for March from last year, while revenue improved sequentially from the prior month.

The Kaohsiung, Taiwan-based company provides semiconductor packaging and testing services in the U.S., Taiwan, Asia and Europe.

Net revenues for March slipped 7 percent from last year to T$15.365 billion ($521 million) from T$16.527 billion in the prior year. Sequentially, revenues grew 8.4 percent.

For the first quarter, revenue dropped 6.3 percent to T$43.101 billion and declined 7.1 percent from the prior quarter.

ASE noted that from February 1, 2010, Universal Scientific Industrial Co., Ltd.'s consolidated revenues were consolidated into its consolidated revenues.

Net revenues for the ATM assembly test and material business, excluding USI, for March slipped 5.4 percent from last year to T$10.405 billion. For the quarter, revenue dropped 5.3 percent to T$29.24 billion.

ASX closed on Thursday at $5.00, up $0.01, on a volume of 1.42 million shares.

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by RTT Staff Writer

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