Weltrend Reports Third Quarter EPS of NT$0.85
|Hsinchu, Taiwan, November 05, 2020 – Weltrend Semiconductor (TWSE: 2436) today announced financial results for the quarter ended September 30, 2020 with consolidated revenue of NT$720.42 million, net income of NT$149.89 million, and diluted earnings per share of NT$0.85.|
|Year-over-year, third quarter revenue increased 13.5%, net income increased 66.6%, while diluted EPS increased 66.7%. Compare to second quarter 2020, revenue increased 8%, net income decreased 3.1%, and diluted EPS decreased 2.3%. All figures were prepared in accordance with TIFRS on a consolidated basis.|
|Gross margin for the quarter was 25%, operating margin was 4%, and net profit margin was 21%.|
|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.