Weltrend Semiconductor, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 07, 2023
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Weltrend Semiconductor, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was TWD 821.67 million compared to TWD 606.38 million a year ago. Revenue was TWD 821.67 million compared to TWD 606.38 million a year ago. Net income was TWD 81.39 million compared to net loss of TWD 26.33 million a year ago. Basic earnings per share from continuing operations was TWD 0.46 compared to basic loss per share from continuing operations of TWD 0.15 a year ago. Diluted earnings per share from continuing operations was TWD 0.45 compared to diluted loss per share from continuing operations of TWD 0.15 a year ago.
For the nine months, sales was TWD 2,091.52 million compared to TWD 2,217.4 million a year ago. Revenue was TWD 2,091.52 million compared to TWD 2,217.4 million a year ago. Net income was TWD 189.82 million compared to TWD 136.82 million a year ago. Basic earnings per share from continuing operations was TWD 1.07 compared to TWD 0.78 a year ago. Diluted earnings per share from continuing operations was TWD 1.06 compared to TWD 0.77 a year ago.
Weltrend Semiconductor, Inc. is a Taiwan-based company principally engaged in the research, development, production, testing and distribution of integrated circuits (ICs). The Company provides digital and analog mixed application specific integrated circuits (ICs), digital ICs, analog ICs and others. Its IC products are applied in liquid crystal display (LCD) televisions, digital versatile disks (DVDs), set top boxes (STBs), light emitting diodes (LEDs), sports equipment display panels, medical equipment, personal computers, as well as game devices, home appliances and others. It also provides commission services for electronic components. The Company distributes its products in both domestic and overseas markets.
WELTREND SEMICONDUCTOR, INC. 