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IC packaging material distributor Niching looks to 5-10% sequential revenue growth in 3Q14 -

Post:2014.08.27 Hits:498

 IC packaging material distributor Niching looks to 5-10% sequential revenue growth in 3Q14 -

IC packaging material and tool distributor Niching Industrial is expected to see its revenues grow 5-10% sequentially in the third quarter of 2014, buoyed by rising capacity utilization rates at IC testing/packaging service companies, according to industry sources. Revenues dipped 4% sequentially to NT$109 million (US$3.64 million) in July, due to decreased sales of memory products, but are expected to make a rebound in August and onwards through the rest of the year as order visibility has extended to year-end, said the sources. In addition to IC packaging materials, Niching's sales of LCD driver IC manufacturing materials and LED packaging materials in the second half of 2014 will also be better than those recorded a year earlier due to improved market conditions, added the sources. Meanwhile, Niching posted net profits of NT$23.8 million in the first half of 2014, which translated into an EPS of NT$0.63 for the six-month period compared to NT$0.13 a year earlier.