Weltrend Reports Second Quarter EPS of NT$0.87
|Hsinchu, Taiwan, August 5, 2020 – Weltrend Semiconductor (TWSE: 2436) today announced financial results for the quarter ended June 30, 2020 with consolidated revenue of NT$ 667.1 million, net income of NT$ 154.74 million, and diluted earnings per share of NT$0.87.|
|Year-over-year, second quarter revenue increased 13.7%, net income increased 243.9%, while diluted EPS increased 248%. Compare to first quarter 2020, revenue increased 40.5%, net income increased 218.6%, and diluted EPS increased 219.2%. All figures were prepared in accordance with TIFRS on a consolidated basis.|
|Gross margin for the quarter was 26%, operating margin was 7%, and net profit margin was 23%.|
|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.