Wednesday, May 2, 2012
Powertech Technology (PTI) , Taiwan DRAM maker's backend service providers, have reported better-than-expeced first-quarter profits.
PTI posted net profits of NT$1.13 billion (US$38.9 million) on consolidated revenues of NT$8.76 billion for the first quarter of 2012. EPS for the quarter came to NT$1.42.
DRAM products accounted for about 60% of PTI's overall sales in the first quarter. The ratio is expected to reduce as the firm has diversified its offerings more starting April when its strategic investment in Greatek Electronics took effect.
PTI slipped into the red in the fourth quarter of 2011 due to uncollected accounts receivable from Elpida.
By: DocMemory
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