WT Microelectronics (3036 TT) held the Investor Conference today for the second quarter of 2015 and announced the financial results and future outlook. Consolidated revenue for the second quarter of 2015 was NT$ 28.755 billion, representing an increase of 0.76% compared with the first quarter of 2015 and an increase of 11.84% over the second quarter of 2014. Gross profit margin was 5.61%, operating profit was NT$ 644 million, operating profit margin was 2.24%, net income before taxes was NT$ 594 million, net income after taxes was NT$ 487 million, the ratio for net income after taxes was 1.70%, and earnings per share was NT$ 1.09.
Consolidated revenue for the first half of 2015 was NT$ 57.293 billion, representing an increase of 17.60% over the same period in 2014. Gross profit margin was 5.55%, operating profit was NT$ 1.259 billion, net income after taxes was NT$ 967 million, the ratio for net income after taxes was 1.69%, and earnings for per share was NT$ 2.22.
Consolidated revenue for the second quarter wasNT$ 28.755 billion, which was in line with the original guidance. According to end market status, revenues from higher gross profit segments, such as industrial control and automotive, rise slightly; revenues from lower gross profit segments, such as communications, dropped slightly while other segments were flat. Due to the change of product mix, the decline of lower gross profit products helped boost the gross profit margin to 5.61% from the 5.50% in the first quarter. Operating expenses slightly increased from the first quarter, which was in line with the original guidance. Operating profit margin increased to 2.24% from 2.15% in the first quarter. Inventory turnover day was 1 day more than the first quarter.