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News & Events

May 8

2024

Weltrend Reports First Quarter EPS of NT$0.49

Hsinchu, Taiwan, May 8, 2024 – Weltrend Semiconductor (TWSE:2436) today announced financial results for the quarter ended March 31, 2024 with consolidated revenue of NT$ 665.01 million, net income of NT$ 96.51 million, and diluted earnings per share of NT$0.49.

Year-over-year, first quarter revenue increase 18.6%, net income increase 270.6%, while diluted EPS increase 133.3%. Compare to fourth quarter 2023, revenue decreased 16.3%, net income increased 495.8%, and diluted EPS increased 345.5%. All figures were prepared in accordance with TIFRS on a consolidated basis.

Gross margin for the quarter was 28%, operating margin was -0.2%, and net profit margin was 14%.

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 Hsinchu Science Park, Weltrend Semiconductor, Inc. (TWSE: 2436) is a leading fabless semiconductor company specializing in the planning, design, testing, application development, and distribution of mixed-signal/digital IC products in power supplies, motor controls, image processing, and more across multiple applications. For more information, please visit www.weltrend.com.

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