Weltrend Reports Third Quarter EPS of NT$0.51
|Hsinchu, Taiwan, November 05, 2019 – Weltrend Semiconductor (TWSE: 2436) today announced financial results for the quarter ended September 30, 2019 with consolidated revenue of NT$634.89 million, net income of NT$89.97 million, and diluted earnings per share of NT$0.51.|
|Year-over-year, third quarter revenue decreased 0.8%, net income increased 67.2%, while diluted EPS increased 88.9%. Compare to second quarter 2019, revenue increased 8.2%, net income increased 99.9%, and diluted EPS increased 104%. All figures were prepared in accordance with TIFRS on a consolidated basis.|
|Gross margin for the quarter was 25%, operating margin was 3%, and net profit margin was 14%.|
|Further details on the results are available at: http://www.weltrend.com.tw/en-global/investor/index/19/22|
|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.