Weltrend Reports First Quarter EPS of NT$0.62
|Hsinchu, Taiwan, May 2, 2019 – Weltrend Semiconductor (TWSE:2436) today announced financial results for the quarter ended March 31, 2019 with consolidated revenue of NT$ 500.44 million, net income of NT$ 110.78 million, and diluted earnings per share of NT$0.62.|
|Year-over-year, first quarter revenue decreased 15.2%, net income increased 152.1%, while diluted EPS increased 210%. Compare to fourth quarter 2018, revenue decreased 18.7%, net income increased 265.1%, and diluted EPS increased 321.4%. All figures were prepared in accordance with TIFRS on a consolidated basis.|
|Gross margin for the quarter was 23%, operating margin was 0.3%, and net profit margin was 22%.|
|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.