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PSC Announced 2006 Q3 Unaudited Financial Results Hsinchu, Taiwan¡ÐPowerchip Semiconductor Corporation (PSC, ticker 5346) announced third quarter unaudited results. PSC reported Q3 total sales of NT$25.5 billion with pre-tax income of NT$9.18 billion and after tax net profit of NT$7.79 billion representing earnings per share of NT$1.29.
Vice President Eric Tang mentioned that due to a smooth transition to 90nm in conjunction with continued capacity expansion in Fab 12B, both have contributed to the increase in PSC quarterly shipments. Along with the recent price strength, shown during the end of the third quarter in commodity DRAM pricing, have also contributed to an increase in both quarterly revenue and profit. Year to date, PSC has recorded total sales of NT$59.1 billion, representing pre-tax income of NT$13.74 billion and after tax net profit of NT$11.99 billion representing an earnings per share of NT$2.01.
Eric Tang also mentioned that PSC¡¦s Fab 12A/B will have a combined monthly capacity of 90K / 300mm wafers in Q4 and Fab 12M will have a monthly capacity of 20K by year end, giving PSC a quarterly growth rate of 18%. Furthermore, PSC is speeding up progress of its Taichung Houli Park 12C Fab, and expects pilot runs to occur in the third quarter of next year. Looking toward the future as Fab 12M further ramps and as Fab 12C begins to ramp, both will further contribute to PSC¡¦s growth momentum.
PSC¡¦s 2006 3rd Quarter Figures:
Item July-Sep. 2006
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Net Revenues 25,532,554
Gross Profit 10,758,057
Operating Income 9,116,531
Pre-tax Income 9,176,237
Net Income 7,791,409
Earning per Share (NT$) 1.29
*Unit: Thousand NT$, except for EPS
Spokesperson : Eric Tang(886-2-25170055) Contact : Shannon Wu(886-3-5795000 ext.2009)
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