Nuvoton Technology Corporation Reports Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2019
October 25, 2019 at 05:27 am EDT
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Nuvoton Technology Corporation reported consolidated earnings results for the third quarter and nine months ended September 30, 2019. For the quarter, the company reported operating income of TWD 2,943,699,000 compared to TWD 2,641,839,000 a year ago. Operating profit was TWD 218,846,000 compared to TWD 220,879,000 a year ago. Net profit for the current period was TWD 175,740,000 or TWD 0.85 per basic share and TWD 0.84 per diluted share compared to TWD 194,334,000 or TWD 0.94 per basic share and TWD 0.93 per diluted share a year ago.
For the nine months, the company reported operating income of TWD 7,577,818,100,000 compared to TWD 7,568,773,100,000 a year ago. Operating profit was TWD 403,293,000 compared to TWD 555,463,000 a year ago. Net profit for the current period was TWD 390,136,000 or TWD 1.88 per basic share and TWD 1.87 per diluted share compared to TWD 555,534,000 or TWD 2.68 per basic share and TWD 2.67 per diluted share a year ago.
Nuvoton Technology Corporation is a Taiwan-based company principally engaged in the research, development, design, manufacture and distribution of integrated circuit (IC) products and wafer products. The Company provides ordinary ICs, including micro controllers (MCUs), which are applied in touch panels, residential security, air conditioning, motor control, medical electronics, instruments, universal serial bus (USB) devices, wireless audio transmission, information electronics, industrial electronics and automobile electronics, among others; audio ICs, which are applied in toys, automobile audio products, medical products and industrial broadcasting devices, as well as computer ICs, which are applied in embedded controllers, super input/output (I/O) chips, keyboard control (KBC) chips and power management chips. The Company also involves in wafer foundry services, which offers logic, mixed mode, flat cell, flash and high voltage wafer processes.