SOUTH PORTLAND (AP) – Fairchild Semiconductor International on Thursday posted a $17 million profit in the second quarter amid a 28 percent increase in sales of higher-margin power management chips.

The company said net income for the three months ended June 27 was 14 cents per share. Fairchild lost $63.8 million, or 54 cents per share, in the same period last year.

Sales totaled $414.3 million, an increase of 19 percent.

Excluding special charges and various one-time expenses, Fairchild said it earned $31.7 million, or 26 cents per share.

Analysts surveyed by Thomson First Call estimated Fairchild’s second-quarter earnings at 23 cents per share on revenue of $418.8 million.

“We continue to grow our power business and significantly improve our gross margins,” said Kirk Pond, president, chief executive officer and chairman.

Fairchild said it expects third-quarter revenue to be flat compared with the second quarter in line with seasonal patterns.