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Siliconware Precision Industries Reports 0.4% Revenues Sequential Growth and EPS of NT$ 1.43 or EPADS of US$ 0.22 for 4Q 2006.

Article Excerpt
TAICHUNG, Taiwan, Jan 31 /Xinhua-PRNewswire-FirstCall/ -- Siliconware Precision Industries Co., Ltd. ("SPIL" or the "Company") (TAIEX: 2325; Nasdaq: SPIL) today announced that its sales revenues for 4Q 2006 was NT$ 14,666 million, representing 0.4% sequential growth QoQ and 1.0% growth compared to the same period of year 2005.

SPIL reported a net income of NT$ 3,877 million in 4Q 2006, compared with a net income of NT$ 3,136 million in 3Q 2006 and a net income of NT$ 3,625 million in 4Q 2005.

SPIL reported its sales revenues for the twelve-month period ended December 31, 2006 were NT$ 56,354 million, up 30.8% compared to the same period of year 2005.

For the twelve-month period ended December 31, 2006 net income was NT$ 13,329 million, compared with a net income of NT$ 8,244 million for the same period of year 2005.

Unconsolidated 4Q 2006 Financial Results -- Net revenue was NT$ 14,666 million, in which NT$ 13,372 million was from assembly business and NT$ 1,294 million was from testing business. -- Cost of goods sold was NT$ 10,474 million, and gross profit was NT$ 4,192 million, representing a gross margin of 28.6%. -- Operating expenses were NT$ 802 million, including selling expenses of NT$ 160 million, administrative expenses of NT$ 278 million, and R& D expenses of NT$ 364 million. Operating profit was NT$ 3,390 million, representing an operating margin of 23.1%. -- Net income was NT$ 3,877 million. -- Earnings per ordinary share for this quarter was NT$ 1.43, or earnings per ADS of US$ 0.22. Total weighted average outstanding ordinary shares for 4Q 2006 were 2,716 million shares. Capital Expenditure -- Capital expenditure in 4Q 2006 totaled NT$ 2,170 million, in which NT$ 1,427 million were spent on assembly equipment, and NT$ 743 million were spent on testing equipment. -- The depreciation expenses in 4Q 2006 were NT$ 1,729 million, in which NT$ 1,202 million were from assembly business and NT$ 527 million were from testing business. Assembly Operation -- Substrate products revenues accounted for 50%...