WT Microelectronics (3036 TT) held the Investor Conference today to update the unaudited financial results of the second quarter of 2019 and business outlook. Consolidated revenue for the second quarter of 2019 was NT$74.7bn. Operating profit was NT$1,324mn. Net profit was NT$622mn. Weighted average EPS was NT$1.06. For the first half of 2019, consolidated revenue was NT$142.2bn, up 38% year on year. Operating profit was NT$2,346mn. Net profit was NT$1,007mn. Weighted average EPS was NT$1.74.

For the outlook of the third quarter of 2019, revenue is expected to be between NT$87bn to NT$93bn, up 16% to 24% quarter on quarter and 3% to 10% year on year, gross profit margin to be between 3.1% to 3.3%, and operating profit margin to be 1.5% to 1.7%. Communication sector is expected to grow materially due to new smartphone launch from smartphone customers. Computing and Consumer segments are expected to stay flat to grow slightly. Industrial and Automotive applications are expected to stay flat to decline modestly due to higher base in the previous quarter.

For the outlook of the second half of 2019, global economies and supply chain still have some uncertainty. WT Microelectronics will continue to pursue long-term stable profit growth by gaining market share, optimizing operation management system to improve operation efficiency, enhancing financial control, and strengthening human resource management, in order to deepen the capability of value added service in the semiconductor supply chain.