WT Microelectronics (3036 TT), a Taiwan based IC distributor, today held its earnings conference for the first quarter of 2015 and announced financial results and future outlook. Consolidated revenue for the first quarter of 2015 was NT$28.537 billion, representing a decrease of 5.90% compared with the fourth quarter of 2014 and an increase of 24.04% over the first quarter of 2014. Gross profit margin for the quarter was 5.50%, operating profit was NT$614 million, operating profit margin was 2.15%, net income before taxes was NT$571 million, net income after taxes was NT$479 million, the ratio for net income after taxes was 1.68%, and earnings per share was NT$1.24.
Consolidated revenue for the first quarter of 2015 was NT$28.537 billion which was in line with the original guidance. Gross profit margin was improved from 5.47% for the fourth quarter of 2014 to 5.50% for the first quarter of 2015. Operating expenses slightly decreased sequentially. The ratio for net income after taxes improved from 1.61% for the fourth quarter of 2014 to 1.68% for the first quarter of 2015.
Looking forward, the company now expected consolidated revenue for the second quarter of 2015 to be between NT$28.0 billion and NT$29.5 billion; gross profit margin to be between 5.5% and 5.7%; operating expenses to be slightly up sequentially; inventory turnover day to be flat compared with the fourth quarter of 2014.