WT Microelectronics (3036 TT) held the Investor Conference today to update the financial results of the third quarter of 2020 and business outlook. Consolidated revenue for the third quarter of 2020 was NT$91.8bn, operating profit was NT$1,407mn, net profit was quarterly record high NT$1,152mn, up 41% year on year, and weighted average EPS was NT$1.46.
For the outlook of the fourth quarter of 2020, revenue is expected to be between NT$97bn to NT$103bn, up 6% to 12% quarter on quarter and up 0% to 6% year on year, gross profit margin to be between 2.75% to 2.95%, and operating profit margin to be 1.35% to 1.55%. Solid order pull-in from smartphone customers and continued Automotive demand recovery offset the seasonal decline from Computing, Consumer, and Industrial segments.
WT continues executing Digital Transformation to improve operation efficiency and value added service among supply chain under global pandemic and fast changed global situation. WT will continue pursue market share increase, outperformed growth momentum, and stable earnings growth in the long term.