WT Microelectronics (TWSE : 3036) today announced its monthly sales for July 2014 totaled NT$8.802 billion, an increase of 2.67% from June 2014 and an increase of 20.61% over July 2013. Sales for January through July 2014 totaled NT$57.521 billion, an increase of 19.01% compared to the same period in 2013.
WT Microelectronics (3036 TT), a Taiwan based IC distributor, today held its earnings conference for the second quarter of 2014 and announced financial results and future outlook. Consolidated revenue for the second quarter of 2014 was NT$25.711 billion, which exceeded the higher range of the original guidance of NT$ 25.5 billion and represented an increase of 11.75% compared with the first quarter of 2014 and an increase of 22.33% over the second quarter of 2013. Gross profit margin for the quarter was 5.92%, operating profit was NT$620 million, operating profit margin was 2.41%, net income before taxes was NT$595 million, net income after taxes was NT$457 million, the ratio for net income after taxes was 1.78%, and earnings per share was NT$1.29.
Consolidated revenue for the second quarter of 2014 was better than expected and hit a record high. Gross profit margin slightly improved to 5.92% and was better than expected. As a consequence of higher revenue, operating expenses slightly increased accordingly. However, operating expenses ratio dropped from 3.77% for the first quarter to 3.51% for the third quarter, and resulted in a higher operating profit margin, which increased from 2.14% for the first quarter to 2.41% for the second quarter. The ratio for net income after taxes increased from 1.47% for the first quarter to 1.78% for the second quarter, and this drove the net income after taxes increased by 35.13% sequentially. Inventory turnover day was better than expected, dropped from 53 days for the first quarter to 50 days for the second quarter.
Looking forward, the company now expected consolidated revenue for the third quarter of 2014 to be between NT$27.5 billion and NT$29.1 billion; gross profit margin to be between 5.7% and 5.9%; operating expenses to be slightly up sequentially; inventory turnover day to be flat compared with the second quarter of 2014.
WT Microelectronics (TWSE : 3036) today announced its monthly sales for June 2014 totaled NT$8.573 billion, an increase of 2.44% from May 2014 and an increase of 33.13% over June 2013. Aggregated sales for the second quarter 2014 reached NT$ 25.711 billion, an increase of 11.75% from the first quarter 2014, and an increase of 22.23% over the second quarter 2013. Aggregated sales for January through June 2014 totaled NT$48.719 billion, an increase of 18.73% compared to the same period in 2013.
WT Microelectronics (TWSE : 3036) today announced its monthly sales for May 2014 totaled NT$8.369 billion, a decrease of 4.54% from April 2014 and an increase of 12.99% over May 2013. Sales for January through May 2014 totaled NT$40.145 billion, an increase of 16.04% compared to the same period in 2013.
WT Microelectronics (TWSE : 3036) today announced its monthly sales for April 2014 totaled NT$8.768 billion, an increase of 5.25% from March 2014 and an increase of 22.27% over April 2013. Sales for January through April 2014 totaled NT$31.775 billion, an increase of 16.88% compared to the same period in 2013.
WT Microelectronics (3036 TT), a Taiwan based IC distributor, today held its earnings conference for the first quarter of 2014 and announced financial results and future outlook. Consolidated revenue for the first quarter of 2014 was NT$23.007 billion, which exceeded the higher range of the original guidance of NT$22.8 billion and represented a decrease of 1.89% compared with the fourth quarter of 2013 and an increase of 14.95% over the first quarter of 2013. Gross profit margin for the quarter was 5.91%, operating profit was NT$492 million, operating profit margin was 2.14%, net income before taxes was NT$406 million, net income after taxes was NT$338 million, the ratio for net income after taxes was 1.47%, and earnings per share was NT$1.00.
Consolidated revenue for the first quarter of 2014 was NT$23.007 billion exceeding the higher range of original guidance of NT$ 22.8 billion. Gross profit margin was better than expected, improved from 5.72% for the fourth quarter of 2013 to 5.91% for the first quarter of 2014. Operating expenses slightly decreased sequentially. Inventory turnover day was in line with guidance, improved from 53 days for the fourth quarter of 2013 to 51 days for the first quarter of 2014.
Looking forward, the company now expected consolidated revenue for the second quarter of 2014 to be between NT$24.0 billion and NT$25.5 billion; gross profit margin to be between 5.7% and 5.9%; operating expenses to be slightly up sequentially; inventory turnover day to be flat compared with the first quarter of 2014.
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WT Microelectronics (TWSE : 3036) today announced its monthly sales for March 2014 totaled NT$8.330 billion, an increase of 22.36% from February 2014 and an increase of 18.58% over March 2013. Aggregated sales for the first quarter 2014 totaled NT$23.007 billion, an increase of 14.95% compared to the same period in 2013.
WT Microelectronics (TWSE : 3036) today announced its monthly sales for February 2014 totaled NT$6.808 billion, a decrease of 13.48% from January 2014 and an increase of 27.19% over February 2013. Sales for January through February 2014 totaled NT$14.677 billion, an increase of 12.98% compared to the same period in 2013.
WT Microelectronics (3036 TT), a Taiwan based IC distributor, today held its earnings conference for the fourth quarter of 2013 and announced financial results and future outlook. Consolidated revenue for the fourth quarter of 2013 was NT$23.450 billion, representing an increase of 0.76% compared with the third quarter of 2013. Gross profit margin for the quarter was 5.72%, operating profit was NT$454 million, operating profit margin was 1.94%, net income before taxes was NT$405 million, net income after taxes was NT$323 million, ratio for net income after taxes was 1.38%, and earnings per share was NT$0.96.
Consolidated revenue for 2013 was NT$87.759 billion, gross profit margin was 5.83%, operating profit was NT$1.754 billion, operating profit margin was 2.00%, net income before taxes was NT$1.640 billion, net income after taxes was NT$1.304 billion, ratio for net income after taxes was 1.49%, and earnings per share was NT$3.86.
Driven by a strong demand for the PC customers, consolidated revenue for the fourth quarter of 2013 was NT$23.450 billion, which exceeded the higher end of the guidance of NT$22.8 billion and hit a record high. Due to a higher revenue contribution from PC and branded smartphone, gross profit margin for the fourth quarter decreased sequentially. As a consequence of higher revenue, operating expenses slightly increased accordingly. Inventory turnover day improved from 53 days for the third quarter to 51 days for the fourth quarter.
Looking forward, due to fewer work days in the Chinese New Year holiday season, the company now expected consolidated revenue for the first quarter of 2014 to be between NT$21.6 billion and NT$22.8 billion; gross profit margin to be between 5.7% and 5.9%; operating expenses to be slightly down sequentially; and inventory turnover day to slightly up compared with the fourth quarter of 2013.