Reports sales of Rs. 218.30 million at 46 percent growth YoY, with profit after tax at Rs. 20.48 million

CHENNAI, INDIA: SPEL Semiconductor Ltd, India's first and only IC assembly and test company, exceeded expectations yet again on a quarter-on-quarter comparison.

Announcing its unaudited results for Q1 FY 2008-09, SPEL reported sales of Rs. 218.30 million (46 percent growth compared to same period last year) with profit after tax at Rs. 20.48 million (238 percent growth compared to the same period last year).

SPEL is confident of further consolidating its position, as the full revenue stream of the investments made during FY 07-08, is expected to be visible during the current FY 08-09. SPEL is also planning further investments during the current year for its capacity expansion to meet existing and new customer requirements.

SPEL is committed to firmly establishing itself as the natural destination for global customers seeking cost effective assembly and test services. The sustained performance will drive SPEL to further excel due to the strong demand experienced by its existing customers, thereby making the outlook bright.

SPEL ICs are used globally in consumer electronic applications (such as cell phones, PDAs and digital cameras), desktop PCs, notebook computers and automobiles.

©CIOL Bureau