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Weltrend Reports First Quarter EPS of NT$0.21
2023-05-08
Hsinchu, Taiwan, May 8, 2023 – Weltrend Semiconductor (TWSE:2436) today announced financial results for the quarter ended March 31, 2023 with consolidated revenue of NT$ 560.93 million, net income of NT$ 26.04 million, and diluted earnings per share of NT$0.21. |
Year-over-year, first quarter revenue decreased 40.8%, net income decreased 80.1%, while diluted EPS decreased 71.6%. Compare to fourth quarter 2022, revenue decreased 16.4%, net income increased 196.6%, and diluted EPS increased 320%. All figures were prepared in accordance with TIFRS on a consolidated basis. |
Gross margin for the quarter was 23%, operating margin was -8%, and net profit margin was 5%. |
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. |