Weltrend Reports 2017 Consolidated Financial Statements
|Hsinchu, Taiwan, March 14, 2018 – Weltrend Semiconductor (TWSE: 2436) today announced financial results for 2017 with consolidated revenue of NT$2.38 billion, net income of NT$225.63 million, and earnings per share of NT$1.02.|
|Compare to 2016, 2017 revenue increased 16.3%, net income increased 59.1%, and diluted EPS increased 59.4%. All figures were prepared in accordance with TIFRS on a consolidated basis.|
|Gross margin for the year was 25%, operating margin was 5%, and net profit margin was 9%.|
|About Weltrend Semiconductor Inc.
Founded in 1989 in the "Silicon Valley of Taiwan", the Science-Based Industrial Park (SBIP) in Hsinchu, Weltrend (TAIEX: 2436) is a leading fabless semiconductor company, also known as IC design house, specializing in the planning, design, testing, application development and distribution of mixed-signal/digital IC products across multiple applications. For more information, please visit www.weltrend.com.