Weltrend Reports 2019 Consolidated Financial Statements
|Hsinchu, Taiwan, March 12, 2020 – Weltrend Semiconductor (TWSE: 2436) today announced financial results for 2019 with consolidated revenue of NT$2.32 billion, net income of NT$326.12 million, and diluted earnings per share of NT$1.84.|
|Compare to 2018, 2019 revenue decreased 9.4%, net income increased 85%, and diluted EPS increased 114%. All figures were prepared in accordance with TIFRS on a consolidated basis.|
|Gross margin for the year was 25%, operating margin was 3%, and net profit margin was 14%.|
|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.