Weltrend Reports Second Quarter EPS of NT$0.25
|Hsinchu, Taiwan, August 6, 2019 – Weltrend Semiconductor (TWSE: 2436) today announced financial results for the quarter ended June 30, 2019 with consolidated revenue of NT$ 586.97 million, net income of NT$ 45 million, and diluted earnings per share of NT$0.25.|
|Year-over-year, second quarter revenue decreased 12.1%, net income decreased 69.1%, while diluted EPS decreased 62.1%. Compare to first quarter 2019, revenue increased 17.3%, net income decreased 59.4%, and diluted EPS decreased 59.7%. All figures were prepared in accordance with TIFRS on a consolidated basis.|
|Gross margin for the quarter was 26%, operating margin was 6%, and net profit margin was 7%.|
|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.