Weltrend Reports Second Quarter EPS of NT$0.4
|Hsinchu, Taiwan, August 7, 2023 – Weltrend Semiconductor (TWSE:2436) today announced financial results for the quarter ended June 30, 2023 with consolidated revenue of NT$ 708.92 million, net income of NT$ 81.03 million, and diluted earnings per share of NT$0.4.|
|Year-over-year, second quarter revenue increased 6.8%, net income increased 153.8%, while diluted EPS increased 122.2%. Compare to first quarter 2023, revenue increased 26.4%, net income increased 211.1%, and diluted EPS increased 90.5%. All figures were prepared in accordance with TIFRS on a consolidated basis.|
|Gross margin for the quarter was 27%, operating margin was 1%, and net profit margin was 11%.|
|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.