TAIWAN -- Flexium Interconnect's first quarter revenue fell 6.9% year-over-year to NT$3.75 billion ($115 million).

The printed circuit board fabricator's net profit was NT$422 million ($13.1 million) in period, down 47% sequentially and 41% from last year.

Sales were hurt by lower iPhone 6 demand, according to reports.

The company said it expects its utilization rate, which was 50 to 55% in the first quarter, to improve through the rest of the year.