Weltrend | News & Events

News & Events

Aug 7

2024

Weltrend Reports Second Quarter EPS of NT$0.51

Hsinchu, Taiwan, August 7, 2024 – Weltrend Semiconductor (TWSE:2436) today announced financial results for the quarter ended June 30, 2024 with consolidated revenue of NT$ 745.94 million, net income of NT$ 93.67 million, and diluted earnings per share of NT$0.51.

Year-over-year, second quarter revenue increased 5.2%, net income increased 15.6%, while diluted EPS increased 27.5%. Compare to first quarter 2024, revenue increased 12.2%, net income decreased 2.9%, and diluted EPS increased 4.1%. All figures were prepared in accordance with TIFRS on a consolidated basis.

Gross margin for the quarter was 30%, operating margin was 5%, and net profit margin was 13%.

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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