Stats Chippac: 3Q profit down 3.6% to US$24.2m, EPS of US$0.01, as higher costs offset improvement to its top line. 3Q sales climbed 11% to US$432m on stronger demand from communications sector (53.9% of revenue). The PC segment was a drag, sliding to 13% from 18.2% previously ...
For the 1st 9 months of the yr, net profit came in at US$89m compared to a loss of US$23.8m last year. Revenue in 4Q2010 is expected to decline from 3Q. May see tempered interest now that company has limited catalysts after completing its balance sheet optimization and capital reduction exercise.
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