WT Microelectronics (3036 TT) held the Investor Conference today to update the unaudited financial results of the third quarter of 2019 and business outlook. Consolidated revenue for the third quarter of 2019 was NT$96.2bn, above the high-end of guidance of NT$93bn. Operating profit was NT$1,549mn. Net profit was NT$817mn. Weighted average EPS was NT$1.38.
For the outlook of the fourth quarter of 2019, revenue is expected to be between NT$94bn to NT$100bn, down 2% to up 4% quarter on quarter and up 10% to 17% year on year, gross profit margin to be between 2.9% to 3.1%, and operating profit margin to be 1.4% to 1.6%. Communication sector is expected to grow sequentially, driven by continued order growth from smartphone customers, and Automotive segment is expected to grow modestly, to offset the seasonal decline from Computing, Consumer, and Industrial sectors.
WT Microelectronics, as a professional leading Asian semiconductor distributor with broad and deep sales marketing channel and experienced field application engineering support, serves couple thousands customers and dozens vendors. We continues to help supply chain improving efficiency by providing payment, logistics, and information flow to customers in order to satisfy time-to-market requirement for customers’ products. WT Microelectronics will continue to pursue market share increase, outperformed growth momentum, and stable earnings growth in the long term.