(RTTNews) - Siliconware Precision Industries Co., Ltd. (SPIL: News ), a provider of comprehensive semiconductor assembly and test services, Wednesday reported a decline in net profit for the third quarter, reflecting lower revenues.

For the third quarter, the Taiwan-based company's net income was US$78.11 million or NT$2.56 billion compared with NT$3.19 billion in the prior-year quarter. On a per share basis, earnings fell to NT$0.82 per ordinary share or US$0.13 per American depositary shares, or ADS, from NT$1.02 per ordinary share or US$0.16 per ADS in the 2008-year period.

Revenues for the period slumped to US$510.30 million or NT$16.73 billion from NT$17.24 billion in the third quarter of fiscal 2008.

Net revenues from IC packaging were NT$15.32 billion, and testing operations generated net revenues of NT$1.41 billion for the period.

During the quarter, operating expenses fell to NT$828.89 million from NT$943.66 million a year ago. Operating costs for the period included selling expenses of NT$194 million, administrative expenses totaling NT$292 million and research and development costs amounting to NT$343 million.
The company's gross margin for the three-month period was 23.2%, up from a gross margin of 23.4% a year ago.

For the nine-month period, Siliconware's net earnings were US$136.85 million or NT$4.49 billion compared to NT$7.35 billion in the last-year period. Earnings for the period plunged to NT$1.44 per ordinary share or US$0.22 per ADS from NT$2.34 per ordinary share or US$0.38 per ADS in the previous year. Year-to-date net sales was US$1.22 billion or NT$40.07 billion versus NT$48.03 billion in the comparable period prior year.

SPIL closed Tuesday's regular trading at $7.47 per share on the Nasdaq.

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by RTT Staff Writer

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