LISTED South Korean chipmaker Phoenix Semiconductor Philippines Corp. (PSPC) said its net income in 2015 fell by more than a fifth due to lower production volumes and weaker demand from main client Samsung Electronics during the second half of the year.
In a disclosure to the Philippine Stock Exchange (PSE) on Monday, Phoenix said net income after tax fell to $13.6 million, down almost 23 percent from $17.45 million the year before.
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